The first step in leasing is finding the exact equipment needed and negotiating with the manufacturer/vendor on specifications, price, delivery, warranties, servicing, etc. The results of the negotiations are then given to a representative of Commercial Leasing, L.L.C. A lease will be structured and geared to your specific requirements and covers the payment schedule, length of lease and options available at lease end. Commercial Leasing, L.L.C. issues a purchase order to the manufacturer/vendor after the terms and conditions have been agreed to by both parties. If called for, we make progress payments on equipment. Advantages of Leasing : 1. Provides long-term, fixed rate financing to protect the operating budget from fluctuations in variable interest rates. 2. Enables piecemeal financing of small or unbudgeted equipment acquisitions for which debt financing is impractical. 3. Keeps working capital free for other uses - not tied up in fixed assets. 4. Provides 100% equipment financing without compensating balances or down payments. 6. Extended payments allow the equipment to pay for itself from the future revenue it generates. 7. Allows the benefits of ownership without major cash outlays, debt restrictions or asset management responsibilities. 8. Offers a hedge against inflation - today's needed asset is paid for with tomorrow's dollar. 9. May offer tax advantages as an operating expense. 10. Offers numerous payment plans and lease-end options for maximum flexibility. 11. A hedge against owning equipment that becomes obsolete due to great advances in technology. *** As evidence, consider the fact that over 80% of contemporary businesses lease some portion of the equipment they require. Total leasing volume in the 1990's more than tripled over the 1980's - over $100 billion on an annual basis.