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To assist you in better understanding our product, here are some of the most frequently asked questions in the leasing/financing business.

OUR PROCESS       END OF TERM OPTIONS      OTHER FAQ

END OF TERM OPTIONS

What is Stretch lease or 10% purchase option?

A Stretch Lease gives an early purchase option usually within 3 to 6 months prior to the termination of the lease. The option amount is guaranteed, usually at 10% of the original equipment value. If you do not wish to exercise your early option, the lease continues into the stretch period at which time you will decide whether to purchase the equipment for FMV or return it. Questor's customer service team does email our customers reminders of their pending end of lease options free of charge as a convenient service.


What is a Fair Market Value (FMV) purchase option?

If your lease contains an FMV purchase option, you can purchase the equipment at the end of the term or you may return it. The purchase price is the current fair market value which is determined by the lender.


What is a $10.00 end or Bargain purchase option?

A $10.00 end purchase option gives you the opportunity to purchase the equipment for $10.00 plus applicable taxes at the end of the lease term.

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