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Working with NLS Equipment

To keep our working relationship as productive as possible, please keep in mind the following when working with NLS Equipment Finance:

  • We maintain a supply of used and refurbished POS equipment that may be purchased by our vendors. If you are interested, please contact the NLS Asset Management department at asset.management@nlsequipment.com for current inventory and prices.
  • In accordance with the terms of our lease agreement, NLS Equipment is not responsible for the maintenance or servicing of any equipment.
  • The leasing customer may request the transfer of responsibilities for the remaining term of an equipment lease provided that:
  • The leasing customer identifies a transferee. As a vendor, you may assist in this process
  • The lease is current with all payments
  • The transferee meets NLS Equipment’s credit guidelines
  • The leasing customer/transferee completes a lease transfer application
  • The leasing customer pays a nominal transfer fee
  • The new leasing customer signs a lease for at least 12 months
  • Sales/Use Tax will be assessed on lease payments based on the current state, county, and/or jurisdiction where the equipment is located. This tax will be added to the monthly lease payment.
  • Personal Property Tax on leased equipment will be collected in those jurisdictions where such tax exists. The amount with an administrative fee will be debited from the leasing customer’s bank account.
  • Although NLS Equipment specializes in micro-ticket transactions, we also welcome larger ticket leases. Please contact our Vendor Relations Department, at 888-625-8862 for more information.
  • In addition to traditional leasing programs, NLS Equipment also originates rental agreements for various types of assets. Our rental agreements differ from leases in that they are generally month-to-month instead of fixed-term contracts.

For the best leasing programs, count on NLS Equipment:

Sara Krieger

Sara.krieger@nlsequipment.com

888-625-8862

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