Why Lease? - Leasing offers fixed regular payments; provides financing for 100% of the art cost; conserves both working capital and lines of bank credit; and may offer certain tax advantages.
Who Can Lease? - An individual, company, organization, or association.
What Is the Process for Leasing Art? - After the down payment is made, Fine Art Leasing Intl prepares the lease agreement. When the art is delivered, we begin billing the lessee for the agreed upon lease payment.
How Are Lease Payments Determined? - The monthly payment is based on the term of the lease and price of the art. The term of a lease may run from 12 to 60 months.
What Factors Are Used To Determine Credit Worthiness? - For business: type of business, length of time in business, and financial condition. All sign an affidavit stating creditworthiness. The down payment will further secure the transaction.
Can the Lease Be Canceled? - No, but art can be traded for other, leased art before the expiration of the initial term. We also offer a special rate for "buy-out" options during the term of the lease.
Is A Down Payment Required? - A security deposit, usually equal to one or two months' lease payment is generally needed. This differs from a down payment in that the amount is typically smaller and it is a deposit which may be applied to the purchase price of the art at lease-end or returned if there are no other payments due. The down payment equal to three months lease payment covers account set up, acquisition, delivery, and disposition fees.