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FAQ (Frequently Asked Questions)

  1. Why would I want to consider leasing?
    - Please see the benefits page of our web site.

  2. What types of equipment can I lease?
    - As long as you are approved financially, Mantis Financial will lease almost any type of equipment.

  3. What are your approval requirements?
    - During the approval process, we evaluate your business credit history, personal credit history of the owner(s), collateral value of the equipment and the overall financial position of the business.

  4. What other obligations do I have with a lease transaction?
    - Most leases are structured so that the Lessee (you) is responsible for all insurance, taxes (including property taxes) and maintenance.

  5. What lease terms are offered?
    - Most leases written through Mantis Financial are for terms ranging from 2 years to 5 years.

  6. What end of lease purchase options are available?
    - Please see the basics page for purchase options.

  7. Who provides warranty coverage on the equipment?
    - Mantis Financial passes through all manufacturer's warranties to the Lessee. Warranty claims are processed the same way they would be if the Lessee owned the equipment.

  8. Can the lease be cancelled or paid off early?
    - Leases are a non-cancelable agreement for a specified term that the Lessee selects at the beginning of the lease. However, Mantis Financial will, in most cases, allow you to prepay your lease early under a discounted pay-off option.

  9. What happens if I choose to turn my equipment in at the end of the lease term?
    - The Lessee is responsible for delivering the equipment to a location deemed acceptable by the Lessor. The equipment shall be delivered in whole, minus any normal wear and tear, at the expense of the Lessee.

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