Equipment Lease

Equipment lease and finance default guides: repossession, deficiency balances, personal guarantees, voluntary returns, and keeping critical equipment.

• Negotiating an Early Termination or Buyout on a Commercial Equipment Lease — An equipment lease early termination buyout is priced as the present value of the remaining rents plus a residual, but the number is negotiable when the lessor would rather be paid than repossess. Read the clause, get the quote in writing, then negotiate.
• Equipment Repossession: How Lessors Actually Take Equipment Back — Learn how equipment repossession actually works: notice periods, self-help limits, replevin orders, and remote disable, and what happens after equipment is taken.
• Personal Guarantee on Your Equipment Lease? Avoid These Mistakes — Signed a personal guarantee on your equipment lease? Avoid the mistakes that turn a business default into personal liability for your home and savings.
• How to Keep Critical Equipment While Restructuring Lease Debt — Can't afford your equipment lease payments? Here's how to triage, negotiate, and restructure lease debt so you keep the equipment your business depends on.
• $1 Buyout vs FMV Lease in Default: Why Your Lease Type Matters — Whether your equipment agreement is a $1 buyout lease or an FMV true lease changes your repossession rights and deficiency exposure. Here is how to tell which one you signed.
• Deficiency Balances After Equipment Repossession: Key FAQs — Repossession does not erase what you owe. Learn how deficiency balances are calculated, why auction prices inflate them, and how to negotiate yours down.
• Should You Voluntarily Return Leased Equipment? How to Decide — Thinking about giving back leased equipment? Learn what voluntary surrender actually changes, when it helps, and how to protect yourself before any return.
• What Really Happens When You Default on an Equipment Lease — Missed an equipment lease payment? See exactly what happens next: late fees, acceleration, repossession, deficiency balances, and personal guarantee exposure.
• Blanket Lien or Equipment Lien? How to Check Your UCC Filings — Learn how to search your UCC filings, decode collateral descriptions, and tell a blanket 'all assets' lien from an equipment-specific one before it blocks financing.