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Common Questions
 

Click on one of the questions listed below to view the answer

  1. I shopped around and found a finance company with a lower monthly payment. Before I sign on the dotted line, is there anything else I should consider?
  2. What if I want to pay off my equipment finance contract early?
  3. Will I be able to choose my equipment vendor?
  4. How can I determine what type of equipment financing is best for me?
  5. How do I request financing?
  6. What should I do after I’m approved?
  7. What if I already paid for or took delivery of the equipment?
  8. Who actually pays for the equipment I’m financing through NCMIC?
  9. How soon is the equipment paid for?

Q. I shopped around and found a finance company with a lower monthly payment. Before I sign on the dotted line, is there anything else I should consider?

A. Absolutely. The monthly payment is only a small part of your financing arrangement. When you work with NCMIC, we’ll make sure you receive a total solution without the hidden fees you may find with other lenders. 

Let us review a lease or loan contract you’re considering before you sign. While we cannot provide legal advice, we would be happy to compare it to our contract and point out differences in terms and fees. We'll look for provisions that may increase your overall cost including; required security deposits, documentation fees, termination fees, advance payments and prepayment penalties.

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Q. What if I want to pay off my equipment finance contract early?

A. No problem. With NCMIC's Absolute & True No Prepayment Penalties® you can pay off your equipment finance contract at any time.

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Q. Will I be able to choose my equipment vendor?

A. Yes. You alone select the best equipment vendor for your needs. You and your vendor determine the equipment price that suits you. Then, come to us for financing and we will work with your vendor from there. NCMIC is not affiliated with the equipment vendor you select.

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Q. How can I determine what type of equipment financing is best for me?

A. Call 1-800-769-2000, ext. 6939 and talk to one of our Account Managers. These experts will explain your options and help you determine the best solution for your needs.

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Q. How do I request financing?

A. Just click on the Express Request button. You can quickly request financing via our convenient online form. If you prefer to speak directly with an NCMIC expert, simply call 1-800-769-2000, ext. 6939.

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Q. What happens after I’m approved?

A. An Account Manager, who is assigned to personally oversee all aspects of your account, will contact you immediately!

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Q. What if I already paid for or took delivery of the equipment?

A. Simply contact an NCMIC Account Manager for financing solutions. Call 1-800-769-2000, ext. 6939.

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Q. Who actually pays for the equipment I’m financing through NCMIC?

A. NCMIC pays the equipment supplier you selected upon your authorization.

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Q. How soon is the equipment I selected paid for?

A. Immediately upon receipt of required documents and your authorization to do so.

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Equipment financing is offered through NCMIC Finance Corporation and is subject to credit approval. Consult your attorney or financial advisor for specific legal or tax advice before entering into any type of financing arrangement and for information on deduction eligibility and procedures. NCMIC Finance Corporation and the equipment vendor you select are separate companies, are not agents of one another, and have no authority to bind one another to financial or other contractual obligations.