Terms of Lease
1. You (the customer) want to acquire the above equipment from the above vendor.
You want us (the leasing company) to buy it and then lease it to you. The Lease will
not begin until we sign it, and once it starts it will continue for the entire term stat-
ed above.You will pay us all charges stated above. If you pay late, there will be a late
fee of $20.00 or 15% of the late amount,whichever is more.We may charge you a par-
tial payment to cover the time between delivery and the due date for the first regu-
lar payment.Within 15 days after the end of the Lease you must return the equipment
to us, in good working condition, at your cost (unless we have given you a purchase
option that you exercise).You agree to reimburse us for any cost we incur to refur-
bish returned equipment. If you do not return it within 15 days, the lease will auto-
matically renew for another 12-month period under the same terms and conditions
described in this Lease.To expedite the Lease,you have asked us to accept your faxed
signature and have agreed this will be considered as good as your original signature
and admissible in court as conclusive evidence of this Lease.You also agree to allow
us to adjust the payment amount above if the final equipment cost varies from the
amount the payment was based upon.
2. You alone selected the vendor and the equipment. You asked us to buy it.
We are not related to the vendor and we cannot get a refund. Therefore the
Lease cannot be canceled by you for any reason, even if the equipment fails
or is damaged and it is not your fault. We are leasing it to you "as is" and we
disclaim all warranties, express or implied. You are responsible for all serv-
ice. The vendor or manufacturer may have given you warranties.You may contact
them to get a statement of those warranties, if any.You promise that the equipment
will be used only for business and not for personal, family or household purposes.
3. If you do not pay us as agreed, you agree that we may (i) repossess the
equipment and/or (ii) dir