Frequently Asked Questions

What is the leasing process?

It’s a simple process for customers, who simply need to fill out an application. The Micros Leasing team then processes the application to review credit information. Once the application is approved, we send a proposal to the appropriate contact within the customer organization, followed by lease documents with appropriate terms for signature.

Once this is done, a purchase order is submitted to the equipment vendor. When the equipment is delivered to the customer, Micros Leasing pays for the equipment and the lease commences.

What is the advance payment on a lease?

We normally require an advance payment of the first and last monthly payments. However, many of our programs require only one, or even no advanced payments, to help you minimize your upfront expense!

When do the lease payments begin?

The payments will begin roughly 30 days after you receive your equipment.

Do the lease payments increase over time?

No. A lease payment is fixed at the beginning of the term, which will allow for easier budgeting and cash flow planning.

Is there a penalty for paying off the lease early?

No. If you want to pay the lease off early, simply pay the total of the remaining payments on the lease. There are no extra fees or penalties.

Can I finance software and other "soft" costs such as delivery, installation, or service contracts with a lease?

Our standard leases already cover these “soft” costs, including installation, delivery, service, training and other related peripherals. Micros Leasing can also finance 100 percent software-only leases if needed.

What type of equipment can I finance? Does the equipment have to be new?

Micros Leasing offers financing on most any kind of equipment you might need, including used equipment. What’s more, if you’ve recently purchased equipment and are finding the purchase to be a cash flow burden, we can buy the equipment and lease it back to you – often helping to significantly free up your cash flow.