Hours of Operation: Monday - Friday: 8:00 a.m. - 5:00 p.m. CST

Dealers First Financial, L.L.C.

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Leasing Terminology

Lessee and Lessor
The lessee is you, the customer.  The lessor is Dealers First Financial, L.L.C.

Lease to Purchase
For organizations who intend to keep their equipment at the end of the lease, this program provides a $1.00 purchase option.  Lease terms are available for 12, 24, 36, 39, 60 and 63 months.

Operating Lease
This program provides Fair Market Value or 10% purchase options for organizations who desire lower monthly payments and are not sure they want to keep the equipment at the end of the lease.  Lease terms are available for 12, 24, 36, 39, 60 and 63 months.

Custom Lease
We can design a lease to meet the needs of organizations with a non-standard lease term and/or deferred, seasonal or step up payment requirements.

Delivery and Installation Certificate
This is the lessee’s acknowledgment that the equipment has been delivered, installed, inspected and accepted. For the lessee’s protection, Dealers First Financial will not pay the equipment dealer/vendor until we have received the lease signed by the lessee and have confirmed satisfactory installation of the equipment with a telephone call to the lessee.

The lessee is required to insure the leased equipment against property damage or loss and for liabilities which result from use of the equipment.  Evidence of insurance must be provided to Dealers First Financial through out the term of the lease.

Tax and Fees
Sales and property taxes applicable to the equipment lease and an upfront documentation fee at the beginning of the lease are the responsibility of the lessee.

Security Deposit
This is a dollar amount based on 1 or 2 monthly lease payments paid by the lessee at the beginning of the lease.  It will be applied to the purchase option or returned to the lessee at the end of the lease.

Personal Guaranty
In certain situations, the principal or owner of the business is required to personally guaranty the performance of the lease.