First Amendment Lease
With AFG’s first amendment lease, the lessee has the option to purchase the equipment at various points throughout the lease or after the rental term is over. There is no option to return the equipment during the lease period of a first amendment lease. If the purchase option during the lease term is not utilized:
- It is required that the Lessee continues or renews the lease
- The Lessee will have the option of purchasing the equipment at fair market value (or a specified price) at the end of the lease term
At AFG nearly 100% of our first amendment leases materialize into purchase of equipment or machinery by the lessee on completion of a full term, thus signifying the transparency and customer focus practiced by our team of professionals. AFG’s first amendment lease also helps the lessee avail tax benefits and the lessor to avail depreciation benefits.
For businesses with a consistent revenue stream, we offer quick-access Working Capital Loans and cash advances. When you’re approved in our program, you’ll receive a lump sum of funds that are automatically deposited into your bank account.
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