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What is a lease?

In simple terms, a lease is a contractual arrangement between the lessee (the customer) and the lessor (MedLease). We purchase the equipment from your supplier of choice and lease it to the lessee for a fixed, regular payment. Generally, there are two different types of leases: a true lease and a finance lease.

Who Can Lease?

Any company, partnership, non-profit organization or individual that is using the equipment for a business or commercial use.

Can I cancel a lease agreement?

No, a lease is non-cancelable. However, MedLease will work closely with customers to ensure their needs are met with flexible early buy-out, add-on, or technology refresh options.

When do payments start?

Typically, regular lease payments start 30 days after the lease documentation is completed. We can tailor payment schedules to meet your individual needs.

Do I need to insure the equipment?

MedLease leases require that customers insure equipment for its full replacement value and that proof of such insurance be provided.

What about Sales Tax?

Sales tax is added to your monthly lease payment each month and charged separately when applicable.

Can I upgrade or add on to my leased equipment?

In most cases, yes. This is one of the key benefits of leasing through a captive finance company. Our goal is to provide the solution you need, when you need it.

Can the leased equipment be moved?

Yes, with written notice.

Where can I apply?

Simple, by clicking here