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FirstMerit Equipment Finance & Lease
Leases offer fixed rates, flexible payment structures, and obsolescence protection relative to equipment.
They are also a great way to conserve cash flow while offering potential tax benefits.

For more information about our products and services, contact either John Kozsey at (330)996-8083 or via email
at John.Kozsey@firstmerit.com or Michael Cutter at (216)926-6004 or via email at Michael.Cutter@firstmerit.com.

Benefits of Leasing
  • Protect yourself from Technological Obsolescence
  • 100% financing on "new" and "used" equipment
  • Preserves your working capital (cash)
    for other operational needs
  • Various potential tax advantages
  • Fixed rate financing to lock in payments

Types of Leases
True Lease (with fair market value end of lease option):
  • At the end of the lease the lessee would purchase the equipment for its fair market value
  • Can include some soft costs
  • Protects you from technological obsolescence
  • Payments can be structured to fit your cash flow needs

TRAC Lease (Motor Vehicle Lease):

  • Allows lessee to purchase equipment
    for predetermined residual price
  • No down payment required
  • Can include some soft costs
  • Payments can be structured to fit your cash flow needs

Conditional Sales Lease:

  • 100% Financing (No Money Down)
  • Lessee gets tax benefits
  • Can include some soft costs
  • Payments can be structured to fit your cash flow needs
  • End of lease can be $1 Buyout or Balloon Buyout
Other Lease Payment Options
  • Progress Payments - We can work with the vendor(s)
    of the equipment on progress payments that may be
    required in the purchase of equipment.
  • Step-up Step-down Payments - If your business is
    seasonal we can structure your payment to decrease
    during slower business months.
  • Deferred Payments - We can structure a lease
    to delay the first payment for a short period of time
    allowing you to generate receivables.
  • Sale-lease-back - If you are looking to draw
    equity out of equipment you already own we
    can offer a sale-lease-back and put you into
    a term and payment that works for your budget.

Common Equipment to Lease
  • Machine tools
  • Computers/IT/Communications
  • Transportation equipment
  • Manufacturing equipment
  • Plastic molding equipment
  • Material handling equipment
  • Furniture, fixtures and equipment