Leasing

KISCO specializes in helping customers around the nation to grow their farms and businesses by supplying fast, easy leasing and financial solutions with highly competitive terms, never with any application fees. We have worked with countless farmers, ranchers, distributors, manufacturers, and other vendors to attain leasing or financing options. Over the years KISCO Leasing has grown from a small, local business to a nationwide business with customers ranging from coast to coast. Our goal at KISCO is to maintain a lifelong relationship with every customer while providing superior service and an exceptional rate.

Steps Involved

As the customer, you choose whether you would like new or used equipment, what particular equipment you need (we can help you find equipment), and where you want to purchase the equipment. Then, you call KISCO or send us an application. We will take care of you from the initial application process to the closing of the transaction! We will put together a lease or finance option that fits the needs of your operation based on your cyclical cash flow!

Commercial Lease vs. Finance Agreement

Oftentimes, businesses use either a lease or a loan as financing options for their business. However, leases and loans are quite different.

• A commercial equipment lease is an agreement in which the lessee utilizes the equipment in exchange for making payments on the equipment.
• A finance agreement requires the borrower to pay back the cost of the equipment in addition to interest in exchange for owning the equipment at the end of the term.

At the end of the lease, the customer may wish to include a residual, which allows the customer to purchase the equipment at the fraction of the original cost. Remember, the higher the residual, the lower the rental payments are over the term.

Types Of Leases We Offer

KISCO Leasing offers several different leasing options that our tailored to fit you and the needs of your business. Below are several of the options we provide:

10% Purchase Option: For customers who prefer the flexibility and the opportunity to return the equipment or at the conclusion of the lease, purchase the equipment, but want the buyout to be fixed at a certain percent of the equipment cost.

TRAC (Terminal Rental Adjustment Clause): A TRAC lease is a lease which includes a Terminal Rental Adjustment Clause (TRAC) that guarantees when the lease expires, you have a certain purchase option. This lease is used particularly for self-propelled or titled equipment.

$1 Buyout Option: This lease is for customers who desire to purchase the equipment at the end of the lease. When the lease term expires, the equipment is purchased for $1.

Line of Credit Option: A line of credit is a preset loan amount that the customer may borrow. If a customer is purchasing a wide variety of items at an auction or even from a local dealer, a line of credit gives them the opportunity to purchase several different pieces of equipment at the same time. After the equipment is chosen and ready for purchase, terms of the lease will be discussed for each individual piece of equipment.

Municipal Lease - tax exempt lease purchase contract used by state and local governments for financial flexibility and cash management

Refinance - We refinance equipment you already have in your possession.

Flexible Terms

KISCO offers customers fast, flexible leases and loans with highly competitive terms. Our goal is to provide our customers with a pay structure based on their needs for their business. Whether you’re a famer, rancher, construction company owner, or business owner, KISCO can get the job done for you! We offer customers several different payment options. Whether your business would prefer monthly payments or annual payments, we can create a pay-structure that fits your needs for your business!

Our leasing and financing options can be tailored to fit the needs of your business. When you call KISCO, you will receive a customized pay structure based on the needs of your business. Depending on the age and type of equipment, we can lease or finance the equipment from two to seven years. Additionally, we offer residuals ranging from $1 to 50%, depending on the type of the equipment and the term. Remember, the higher the residual, the lower the rental payments are over the term. Give us a call today!