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FAQ (Frequently Asked Questions)
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Why would I want to consider leasing?
- Please see the benefits page of our web site.
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What types of equipment can I lease?
- As long as you are approved financially, Mantis Financial will lease almost any type of equipment.
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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.
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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.
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What lease terms are offered?
- Most leases written through Mantis Financial are for terms ranging from 2 years to 5 years.
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What end of lease purchase options are available?
- Please see the basics page for purchase options.
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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.
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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.
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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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