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OIL & GAS EQUIPMENT LEASE-PURCHASE
OR LEASE BACK
We offer two Basic Types of leases, to qualified Companies, on New or Used Oil Rigs and Oil Field Equipment, starting at a minimum equipment cost of $100,000 ranging up to $10,000,000. The two types of leases are the more familiar “Lease- Purchase” type in addition to the “Lease-Back type. GENERAL TERMS: Most leases fall into 24 to 60 month terms with various initial payments required, starting with a first and last payments in advance. At times a credit enhancement may be required. This would apply to either type of lease, a Lease-Purchase or a Lease-Back type lease. ADVANTAGE OF LEASING vs BUYING: Although there are many other financial advantages of leasing, it allows the Company to have all the advantages of owning the equipment, and not have their financial status reduced or effected, (“Just like renting”) except, at the end of the Lease term, the ownership of that equipment is transferred to the Company for $1.00. WHAT IS A “LEASE-BACK” AGREEMENT: If a Company BUYS, and PAYS FOR, a particular piece of working equipment and he would rather have that cash back, that he already spent, for additional working equipment or expenses, he can have the leasing Company BUY, and PAY Him, for the equipment that he bought, and then lease it back to him, allowing him to have the cash he originally spent. If this is all done within thirty (30) days or less, he would not have to pay for any additional taxes. Talk to your accountant for verification of this. ITEMS REQUIRED TO APPLY FOR LEASE:
Very Helpful Information: Equipment Description. (Brochures, etc., etc., if available) Pictures / Specifications of items to
be Leased
Name / Address / Phone # of Vendor and/or Equipment Owner Please contact us if you wish to have additional Leasing Information. TEXACALI PETROLEUM Copyright © 2002 OilFieldRigs.com. |