True Lease / Tax Lease
A true lease is a contract in which Utica Equipment Finance (aka the lessor) gives the client business (aka the lessee) the exclusive right to use and possess its property or equipment for a specified period. In a true lease, Utica owns the equipment. The business makes monthly rental payments to Utica Equipment Finance. At the end of the lease term, the business can return the equipment, release the equipment, or purchase the equipment.
There are many more nuances to true/tax leases in terms of accounting and taxes. Take advantage of our expertise to discover if this financing structure makes the most sense for your business type. All our financing is characterized by flexible terms and tailored programs that will meet your business challenges, backed with our knowledge and helpful approach.