Q. Who can lease?

A. Leasing is open to any company, association, or government organization registered in Georgia and meeting credit worthiness standards. TBC Leasing does not finance individuals.

Q. What criteria determine credit worthiness?

A. 1. Period of time in business. 2. Business owner(s) and experience(s). 3. Financial state of the company. 4. Lease asset liquidity and vendor trustworthiness. 5. Credit history of the company.

Q. How is the monthly lease payment calculated?

A. The monthly lease payment is based on the risk factors associated with industry, equipment type and cost, lease term and asset purchase options.

Q. How much money do I have to pay up front?

A. The requirement is 20%-30% of the asset price or a security deposit equal to the same amount. The security deposit is refunded once you return the equipment to TBC Leasing.

Q. When does my lease begin?

A. The lease starts right after signing the lease contract. The first payment is due in a month after the signature date. So if the contract is signed on November 12th the first payment is due in December.

Q. Will I get a copy of my lease?

A. Yes, you can get both the signed original copy of the contract, as well as the soft copy by mail upon request.

Q. Will I be charged any fees?

A. TBC Leasing has no additional fees other than lease payments, which also include property taxes and insurance costs on annual basis.

Q. Will I have to pay property taxes?

A. In accordance with the regulations of the taxing authority where the equipment is located, TBC Leasing, as owner of the equipment, is required to report this equipment for personal property tax assessment. Thus the annual amount of property tax is put into your schedule, equaling 0.6% of the asset price.

Q. Does TBC Leasing charge for insurance?

A. As stipulated in the lease contract, you are required to maintain insurance against loss, theft, damage, or destruction of the equipment. TBC Leasing requires a copy of the certificate of insurance for this equipment, listing TBC Leasing as ‘loss payee’ and ‘additional insured’ party. Otherwise an insurance policy will be purchased by TBCL and the annual insurance premium will be put into the schedule.