Equipment selection: You select the equipment from any vendor. Then Trans Lease purchases the equipment on your behalf.
After the equipment is selected, your lease representative will work up a quote based on the type and intended use of the equipment.
Terms of lease:
The lease term generally runs 24-60 months, depending on the type of equipment and your credit standing.
Any warranties are passed directly on to you. All warranties come from the manufacturers of the equipment as if Trans Lease was not involved and you had paid cash for the equipment.
All maintenance, tires and repairs, except those covered by any factory warranty, are provided by you, the lessee of the equipment.
Titling & Licensing:
Trans Lease will send your title work to the appropriate county or state offices with your check for any applicable fees. You handle your licensing as always.
You carry your own insurance with an agent of your choice. Your agent will be asked to show Trans Lease as the loss payee and additional insured.
Depending on the state and type of equipment the tax may be added to your payment as a percentage of the rental payment or paid in a lump sum. Ask your lease representative for more information. All State Use, Sales, and Highway Federal Users Taxes will be handled on an individual basis if applicable.