Frequently Asked Questions

Q. What is the definition of a lease?
A. A lease is a contractual arrangement between the Lessee (the customer) and the lessor (MRK Leasing, Ltd.). The lease obligates the Lessee to make periodic payments to the lessor for the use of equipment. The Lessee is responsible for all taxes and insurance during the term of the lease.

Q. How do I decide which lease is best for my business?
A. MRK Leasing has an experienced team of financing specialists who can help you choose the type of lease best suited for your business.

Q. Can MRK Leasing purchase the equipment from my supplier?
A. Yes. We will purchase the equipment from the supplier of your choice.

Q. Who can Lease with MRK Leasing, Ltd.?
A. Any Sole Proprietorship, Partnership, Municipality, Corporation (S-Corp and Nonprofit) located in the United States. Currently, we do not lease equipment to an individual for personal use.

Q. How is my lease structured?
A. The lease is tailored to your business needs. MRK Leasing can provide a thorough financial assessment of your equipment needs. Our expert leasing staff will provide you with a customized, innovative, cost-effective acquisition strategy that will successfully achieve your business objectives.

Q. What are the tax benefits of leasing?
A. In some instances, as the Lessee, you may be able to deduct the monthly payments as an operating expense. In other cases, you can take the equipment as a depreciating expense. You should seek advice from your accountant to fully understand any tax benefits.

Q. Can I include software, maintenance, and/or services into the lease?
A. Yes. You may include software, maintenance, and/or services into the lease.

Q. Can I lease software?
A. Yes. MRK can finance up to 100% of your next software purchase.

Q. Who is responsible if I have problems with the equipment?
A. The vendor providing the equipment is solely responsible for any service or warranty issues. MRK Leasing¹s role is to assist you in the financing of the equipment.

Q. How can Leasing help my bottom line?
A. Leasing reduces overall costs. Reduced monthly payments translate to lower expenses and more buying power. Financing can lead to improved liquidity, allowing you to keep more cash on hand for expansion, renovations, mergers or acquisitions. It can also allow you to preserve existing credit lines of credit.

Q. Does MRK Leasing charge any restocking fees?
A. No. When you are finished using the equipment, simply return the asset to one of our locations.

Q. How large a transaction can you fund?
A. MRK Leasing finances transactions ranging from $5,000 to $5 million+.

Q. Will the manufacturers leasing company help me if I wish to migrate to a competitor¹s technology during the course of the lease?
A. No. The manufacturer will try and keep you locked in to their own equipment. MRK Leasing will help you migrate to the technology that best fits your needs. We are manufacturer neutral. We can lease any type of technology equipment and have no bias towards one manufacturer.