Frequently Asked Questions

An equipment lease is a contractual agreement where the lessor, who is the owner of the equipment, allows the lessee to use the equipment for a specified period in exchange for periodic payments. The subject of the lease may be machines, vehicles or any other equipment.

No. Leasing IQ lease is non-cancellable. However, we will work closely with you to meet your business requirements by offering you an early closure, technology refresh or add-on equipment options.

Lease payments usually start on day one of the lease start date. However, we at Leasing IQ offer tailor-made solutions to our customers.

All leased assets are mandatorily insured for full value with a reputed insurance company. Leasing IQ charges its customers insurance premium on actuals basis.

Yes. With prior written intimation to Leasing IQ.

The lessee is responsible for maintenance and servicing of leased assets and receives the benefits of all buyer warranties.

Leasing IQ is a vendor independent lessor and allows its customers to choose a reputed vendor of choice. Select your equipment and options, negotiate your best price and let us do the rest!

Yes and No. Usually one or two lease payments are needed for a security deposit. This is different from a down payment as it is typically much smaller and it is a true deposit as it can be applied to the purchase price of the equipment at end of lease, or returned if there are no other payments due, provided the lessee fulfills his responsibilities.

Yes. you can explore our Sale and Lease Back(SALB) plans. SALB will put your money back where you need it the most - "Your Business". This is a type of lease where an asset owned by you is sold to us and we lease it back to you. You get to keep your revenue generating asset and you gain your capital too which you can use for further business expansion and growth.

Yes. Early closure of lease is possible. You are still responsible for entire stream of payments.

Typically, Lease terms vary from 2 to 5 years depending on assets. However, we at leasing IQ offer tailor made plans to our customers.

.Basic Company Information
· Promoter/Owner Information
· Financial Information like Annual Reports and other financial statements.
· Business Projections/CMA Data
· Banking Relationships and Loan details
· Equipment Information & Location
· There can be a few case specific information

If there is any problem with the leased equipment, you will have to contact the equipment vendor for repair and maintenance. You will receive all the benefits of warranties.

Existing bank lines will remain unaffected by leasing.

Leasing IQ leases a variety of equipments for its customers:
· Information Technology Equipments: Laptops, Desktops, Servers, Softwares, etc.
· Office Equipments
· Furniture, Fixtures & Leasehold improvements
· Plant & Machinery
· Cars & other vehicles
· ATMs and POS machines
· Construction Equipments
· Medical Equipments
And many more.