Lease- purchase
Use the machine for a set term at a set payment. The purchase at the end is written into the lease before you sign.
How a lease works
Lease payments are not published on this site. Each lease is priced for its machine and term, and every figure is in writing before you sign.
Rock Solid, or a partner lender, buys the machine you choose from the seller and leases it to your business for a fixed term, at a fixed payment.
During the lease, the lessor owns the machine and your business uses it. At the end of the term the business buys it, on the terms and at the price the lease sets out from the start, so the last month holds no surprises.
What every lease states in writing
- The term, and the payment for each month of it.
- Who owns the machine during the lease, and when title passes to your business.
- The purchase at the end of the term, and its price.
- Who insures the machine, and who carries the risk if it is lost or damaged.
- How sales, use and property taxes are handled.
- What happens if a payment is late, or the lease ends early.
- Term and payment
- Set in each lease
- During the lease
- The lessor owns the machine
- At the end
- The purchase, as the lease states
- Prices
- In writing, with each lease
- For
- Business use only
- Funded by
- Rock Solid, or a partner lender
Lease or finance?
Both put the machine to work now. The difference is who owns it during the term, and what happens at the end.
| Question | Equipment financing | Lease-purchase |
|---|---|---|
| Who owns the machine during the term | Your business, with the lender’s security interest in it | The lessor, until the purchase at the end |
| At signing | A deposit of 10% to 50% and the $295 documentation fee | As the lease states |
| Each month | A fixed payment | A fixed lease payment |
| At the end | The security interest is released | Your business buys the machine, at the price the lease states |
| Prices on this site | Estimate a payment and every term priced | Given in writing with each lease |
| Funded by | Rock Solid, or a partner lender | Rock Solid, or a partner lender |
Which suits a business is a question for its accountant as much as for us; we don’t give tax advice. One application covers both, and you can ask us to price either.
What we lease
Machines a stone shop runs on, new or used.
Ask about a machineFair questions
All questionsCan I end a lease early?
The lease says what happens if it ends early, including any amount due. Ask before you sign and we will show you in writing.
Is lease-purchase the same as financing?
No. With financing, the business owns the machine from the start and the lender holds a security interest in it. With lease-purchase, the lessor owns the machine during the lease and the business buys it at the end, as the lease states.
Can I deduct the machine?
Possibly. Section 179 of the tax code lets many businesses deduct the price of qualifying equipment, bought outright or financed, in the year it is placed in service, up to a yearly limit. Whether it applies, and how much, depends on your business, the agreement and the tax year, so ask your tax adviser; we don’t give tax advice.
Do you finance personal purchases?
No. Everything here is for business purposes only: equipment and purchases a business uses to operate. We don't finance personal, family or household purchases.
Solid terms, in writing.
Apply in about ten minutes. Bank statements can follow, and a person from Rock Solid follows up.