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Understanding Your Invoice

We want your invoice to be easy for you to understand. Below you will find some of the terms on your invoice and their definition, as well as frequently asked questions about our invoices.

  • Contract Payment

    This is the regular monthly/quarterly/annual payment amount, according to your contract.

  • Interim Rent

    Interim rent is a partial payment that covers the time period between the day we verify you’ve received your equipment and the first payment due date. It’s noted in the first paragraph of your agreement, which reads “We may charge you a partial payment to cover the time period between delivery and the first payment […]

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  • Late Charge

    If we receive your payment after the due date on the invoice, you may be assessed a late charge. The amount is calculated as a percentage of the invoice amount past due, less taxes, or may be a flat charge, depending on the terms of the contract you signed. You will receive a one-time waiver […]

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  • One-time Documentation Fee

    PEAC Solutions does not charge an application fee. We may charge a fee to compensate us for processing the documents and reimburse us for the fees incurred with filing UCC-1 financing statements. When applicable by law, taxes may be applied to this fee.

  • Property Tax

    Many local jurisdictions assess an annual tax on tangible personal property. The lessor, as owner of the equipment, pays this tax to the appropriate taxing authority. (Our lease rate does not include this tax.) We pass this tax on to you on an annual basis. Again, these taxes change periodically and are not included in […]

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  • Returned Check Fee / NSF Charge

    If your payment is returned from your bank for any reason, we may charge you a fee.

  • Sales/Use Tax

    In most states and some local jurisdictions, we are required to collect sales/use tax on each monthly lease payment. Since the lease payment was calculated in advance and tax rates can change periodically, this amount is billed separately. In certain states, the full amount of tax is due at the inception of the lease. In […]

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  • How to Read My Invoice

    For an in-depth explanation of your invoice, click here. If you have a question or a dispute about your invoice call Customer Service at (888) 236-2409. Representatives are available from 8:00 AM to 8:00 PM EST, Monday through Friday.

  • How do I obtain my most recent invoice?

    How do I obtain my most recent invoice? To view your last invoice:  Log in to Customer Connect Click on View/Pay Bill Click on Invoices

  • Waiting on an invoice?

    Haven’t received an invoice from us? Make sure we are set up in your accounts payable system. We can provide you with a W-9.

  • Why is my account still showing past due when it is set up on autopay?

    First, log in to your Customer Connect account. Then, confirm if you have set up a threshold/amount withdraw in autopay settings, whether or not the threshold entered is enough to cover the amount invoiced, and that you manually paid the current invoice at the time of set up for autopay.

  • What are these charges on my invoice?

    Here are definitions for charges you may possibly see on your invoice.

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