This information is provided as a reference only,
Please contact Black Bear Ladder with any questions.
Question: What are the terms of the lease?
Answer:
The lease is called a dollar buy out lease. At the end of the lease
you purchase the equipment for one dollar. The lease is available from
12-60 months.
Question: What other fees & taxes are involved?
Answer:
Your first invoice will be for first and last months payment and a $75 documentation
fee. If your monthly payment is $100.00 your first invoice would be
$275.00, ($285.00 with tax). $100 applied to first months payment, $100
towards your last months payment and $75.00 for the documentation fee. If
you are in a state that has sales tax such as Maine, you will be responsible
for paying sales tax on the lease payment. (If you are in Maine and
the quoter says your monthly payment would be $100 your actual payment total
would be $105 with tax). The lease is a dollar buy out lease, at the
end of the lease you will purchase the equipment for one dollar. You
will be responsible for insurance and any other taxes, such as personal property
tax in Maine.
Question: Am I leasing the equipment from Black Bear Ladder?
Answer:
No, you are leasing the equipment from Marlin Leasing. You will be
making payments to Marlin Leasing not Black Bear Ladder. Black Bear
Ladder will provide service and warranty help the same as if you purchased
from Black Bear Ladder. If you have an issue with the product you contact
Black Bear Ladder.
Question: What is the minimum dollar amount I have to lease?
Answer:
$1,000.00
Question: What qualifications do I need to be able to lease?
Answer:
You must be a business and apply for at least $1,000. Businesses that
have been established for two years or more recieve the rate that an be found
on quote link. Business that have been established less than two years
will need to call Black Bear Ladder at 1-877-970-2327 for your quote. Approval
for the lease is at the discretion of Marlin Leasing.
Question: Can I pay the lease off early?
Answer:
You can, however you must make every payment - If your lease is $100
per month and you have 12 months left on your lease you will have to pay $1201.00
plus tax to pay the lease off. A lease is not a ammortized loan.
Question: Can I back out of the lease?
Answer:
NO!
Question: How do I apply?
Answer:
You may pick up an application at our shop or click on the link above for
the application. Marlin Leasing will need a itemized list from Black
Bear Ladder for final approval.
Question: What about delivery?
Answer:
Black Bear Ladder's delivery policy applies to Leased Equipment the same
as if you purchased from us.
(Click here for
our delivery policy). You must be present
at time of delivery, or you may also pick up the equipment at our shop.
Question: How long does it take for approval.
Answer:
Usually within one business day or less.
Question: The Equipment I want comes to more than I want
to lease, can I pay extra up front?
Answer:
Yes. If your total equipment cost comes to $3,000 and you want to
lease $2,000 you may apply a $1,000 payment up front. If you are in
a state such as Maine that charges sales tax you will need to pay the sales
tax on the $1,000 up front payment. There are no additional charges
for doing this, however it must be done up front.
