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Leasing FAQ

Answering your questions

Q: How do I submit an application?

A: All you have to do is call one of our Lease Account Managers who will start the process for you immediately.

Q: When will I be given a credit decision?

A: Typically within 24 hours of receipt of your application, we'll have a credit decision for most transactions up to £50,000.

Q: What happens to the equipment at the end of the lease term?

A: It's up to you. We offer a wide range of options which can be tailored to your needs. Not only can you purchase the equipment at fair market value or at an agreed upon percentage of the original cost, or simply return it to us.

Q: Is there a tax benefit related with leasing?

A: Yes - in many cases, lease payments are tax deductible (you should consult a tax advisor to see if your lease qualifies). These tax benefits, along with the fact that leasing helps your cash flow, while also allowing you the opportunity to keep equipment up-to-date, are the primary reasons why people today are increasingly leasing technology for their companies.

Q: What is the "fair market value" of the equipment and how is it calculated?

A: Fair Market Value, as it applies to the purchase option in a lease, is the dollar amount that the equipment can be sold for on the open market at the end of the lease. Because market conditions change over time, this amount varies and must be quoted at the end of lease term.

Q: Are my manufacturers' warranties still valid on leased equipment?

A: Yes, all vendor warranties are passed on to you, just as if you had purchased the equipment yourself.

Q: Am I responsible for obtaining insurance on the equipment?

A: Yes, insurance is required for all leased equipment. Although, not to worry - we provide comprehensive customer service and can establish your insurance policy for you at the start of the lease.

Q: Can I cancel the lease?

A: Although the lease contract cannot be cancelled, a lease with The Internet Group offers great flexibility. Our representatives will attempt to work with you to further customise or adjust the existing lease to meet your changing needs.