Leasing Options
- 12 to 60 month lease programs
- Purchase options include - Fair Market Value, $1 Buyout and 10% Buyout
- Specialized lease programs are available. These include flexible options such as deferred payments with zero down, flexible step programs and seasonal programs. Call LCA for more information at
800-800-8098 or visit the website at www.leasecorp.com.
Benefits of Leasing
- Fixed Payments: Unlike loans and credit cards, your lease payment will not vary with interest rate changes
- Affordable: You can fit the cost into your budget instead of a large upfront cash payment. LCA offers zero down payments. We require first and last payments in advance. Loans usually mandate a 20% down payment
- Return on Investment (ROI): By leasing equipment, you get the tools you need now and can put them to work earning you money while you pay affordable monthly payments
- Preserved Credit Lines: Your monthly lease payment does not affect your bank or credit lines. Most financial institutions will reduce your existing available lines with every purchase via credit card or loan
- Flexible Programs: Your LCA Executive can design a specialized lease program to fit your needs - step program, zero percent interest or a deferred option with no payments for up to 90 days
Benefits of using LCA
- With eSignatures, LCA has the ability to get your application approved, signed electronically and funded all in the same day for deals up to $100,000
- Competitive lease rates
- Possible 2 to 4 hour credit turnaround time
- Standard and specialized lease programs including LCA's 90 Day Deferred Program
- Knowledgeable and prompt service from your dedicated LCA Account Executive
MichTel has partnered with Lease Corporation of America to offer a customer-friendly financing program for it's products. LCA offers an easy to use leasing option which includes a simple one page credit application, credit turnaround in less than four hours and personalized service for any questions you may have about financing.
To learn more about how leasing can benefit you, ask your MichTel sales representative or call your dedicated LCA Account Executive toll-free at
The Lease Process
- Fill out and submit an LCA Credit Application*
- LCA renders a credit decision within 4 hours or receiving
- If approved, customer signs all lease documentation and sends originals to LCA
- Equipment is shipped and verified by LCA