How long is the lease term?
- Galis Tech Network offers a short-term–three year lease.
What type of lease is offered?
- Operation Lease; This type of lease is more popular among small businesses because of the smaller monthly payments that won’t tie up funds
Can we buy the equipment after leasing?
- Yes; Galis Tech Network will retain ownership unless the buyout option is requested.
What is the buyout option?
- The buyout option lets you slowly pay for the equipment over a three year period instead of a lump sum. This is like paying with a credit card without the high interest rate.
How does the equipment show up on my taxes?
- For tax purposes, the equipment is considered a monthly operating expense rather than a depreciable asset.
Can equipment be added to a current lease?
- Yes; If you are currently leasing with Galis Tech Network, you may add equipment to your already established lease.
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