Contract Payment
This is the regular monthly/quarterly/annual payment amount, according to your contract.
$1 Buyout
A $1 buyout lease finances the entire cost of the equipment with only a $1 residual value. When your...
Administration Fee
This fee covers Peac Solutions’ cost of filing property tax renditions, corresponding with the tax...
Advanced Rental Fee
Depending on credit and other factors, some customers are required to pay an upfront advanced rental...
Delivery and Acceptance
Some vendors require partial or full payment prior to the delivery of the equipment, which PEAC Solu...
Equipment Finance Agreement
An equipment finance agreement is a loan for the full invoice amount. You own the equipment and you ...
Equipment Lease
An equipment lease is an agreement in which PEAC Solutions purchases the equipment and the customer ...
Fair Market Value Lease
A Fair Market Value Lease is an equipment lease that offers the option to purchase the equipment end...
Insurance Fee
Your lease contract may require you to have insurance that protects the equipment against all risks ...
Interim Rent
Interim rent is a partial payment that covers the time period between the day we verify you've recei...
Installment Payment Agreement
An installment payment agreement is a loan for the full invoice amount, used for the finance of soft...
Late Charge
If we receive your payment after the due date on the invoice, you may be assessed a late charge. The...
One-time Documentation Fee
PEAC Solutions does not charge an application fee. We may charge a fee to compensate us for processi...
Origination Fee
PEAC Solutions does not charge an application fee. We may charge a fee to compensate us for processi...
Personal Guarantee
If your business does not have sufficient commercial credit, you can provide us with a personal guar...
Power of Attorney
When purchasing a vehicle through us, there is a point in the process where you'll have to assign po...
