Marlin Leasing FAQs

Q: Can my lease be cancelled or paid off early?

A: No, you may not cancel the lease since it is a non-cancelable agreement. At any time during the course of your lease (before the expiration of the initial term) you may contact Marlin for a quote to buyout, add-on or upgrade your equipment. Should you decide to buyout or upgrade the equipment on your lease, you will still be responsible for the remaining balance of payments plus any other outstanding obligations, including but not limited to sales tax, late fees, property taxes and interim rent charges.

Q: What is the interest rate in this lease?

A: Since you are leasing and not taking out a bank loan to finance your purchase, there is no "interest rate" as we usually think of one. It's more like leasing office space. You're paying to rent the equipment, with the monthly payment amount based on the type of leasing plan you choose, the terms of the lease and the cost of the equipment. 

Q: What should I do if I have problems with the equipment that I leased?

A: The vendor providing the equipment is solely responsible for any service or warranty issues. Marlin's role is to assist you in financing the equipment, the same way a bank would finance a car.

Q: What is the Documentation Fee?

A: Marlin Leasing does not charge an application fee. However, Marlin does charge a one-time documentation fee to compensate for processing the lease documents and reimburse Marlin for any fees incurred with filing UCC-1 financing statements.

Q: What happens at the end of the lease term?

A: Marlin offers three fixed purchase options at the end of the lease term; fair market value buy-out, $1 buy-out, or a 10% security deposit. Please contact Gena Chapman at Marlin Leasing at 877-479-9111 ext. 5002 for a more detailed explanation. 

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