LEASING INFORMATION & APPLICATION
TheToolWarehouse.net, in collaboration with North Star Leasing, is proud to offer our customers some of the most competitive leasing plans available.
We offer leasing programs to qualified shop owners and individuals on purchases of $1000.00 or more. The lease can be for a single item or a several items as long as the total value of the lease is in excess of $1000.00.PROGRAM HIGHLIGHTSCompetitive Rates:
We offer some of the most competitive rates in the industry. Payments start as low as $39 per month. Special rates available for schools, municipalities, and state agencies.Flexible Lease Programs:
A range of programs are offered including skip payments, annual payment or seasonal lease to accommodate cyclical businesses, municipal leasing programs, as well as customized lease structures to meet unique situations. One to five year terms available.Fast and Liberal Credit Decisions:
No off-the-shelf scoring systems that frequently eliminate potentially good applicants because of length of time in business, nature of business or even unproven credit background. All customers are judged on their merit. We respond to the applicant the same business day.Simple Documents:
We've made it easy for you to complete a lease application. Our simple short form contract is generally all that is required. No complicated terminology or lengthy forms and never a pre-payment penalty.WHY DOES LEASING MAKE SENSE?Free up Working Capital:
Instead of exhausting cash accounts on fixed assets, you are free to use your capital for other income producing expenses. Leasing will improve cash flow by enabling increased productivity while keeping your funds liquid. Unlike other forms of financing, leasing does not require a large down payment.Protect Your Line of Credit:
Lease payments have no impact on your bank credit lines. Leasing does not show up as a liability on your balance sheet, thus preserving borrowing power for other business needs – inventory, payroll, etc.Eliminate Obsolescence:
Lease new up-to-date equipment and maintain a competitive edge.Gain Tax Advantages:
As a business expense, lease payments are 100% tax deductible as opposed to only depreciation and interest deductions for bank financed equipment, resulting in a full write-off over the term of the lease.Lower Monthly Payments:
Allow you to acquire additional equipment when you lease because lease payments may come out of several budget years. We've got flexible programs to meet your needs.Option (Fair Market Value):
This plan offers the lessee an option to purchase the equipment at a very favorable fair market value, or you may return the equipment with no further cost, or renew the lease for an additional length of time.$1.00 Buyout:
This allows the lessee to purchase the equipment at the end of lease for only $1.00.LEASE APPLICATION
You may download our lease application in either Adobe PDF or Microsoft Word format. If you prefer, you may call us at 1-800-533-8818 and request to have a blank application faxed to you.
The shop owner or individual should fill out the application in full and fax it back to us. We will deliver it to North Star Leasing. If the application is approved, North Star Leasing will contact the lessee directly and explain to them how to complete the leasing process. Generally speaking, it takes about one to two weeks from the lease being approved to receipt of the leased equipment.Please fax the completed application to TheToolWarehouse.net at: 1-800-575-2533
|APPLICATION FORM DOWNLOAD |
|Adobe PDF Format |
You must have
Adobe Acrobat 3.0
or higher installed.
|Microsoft Word Format |
You must have
Windows Word 6.0
or higher installed.