Q. I shopped around and found a lease 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’re getting our best rate without unfavorable terms. 

Let NCMIC review your contract before you sign. We'll look for fees such as security deposits, documentation fees and termination fees, requiring advance payments and prepayment penalties.

Q. Do you charge a security deposit?

A. No.

Q. What if I want to pay off my lease early?

A. While it’s common to charge a penalty to exit your lease early, there are no prepayment penalties with NCMIC.

Q. What happens at the end of my lease?

A. We will notify you of your end-of-term options at least 60 days before your lease expires.

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

A. Yes. And if you like, NCMIC will work directly with your equipment vendor on your behalf.  When you buy or lease through NCMIC, you could save money with lower rates and better terms than what your vendor's finance company may offer.

Q. How can I determine what type of lease or loan is best for me?

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

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’re purchasing a larger piece of equipment or want more personalized service, just call our Lease and Loan Hotline at 1-800-769-2000, ext. 6939.

Q. How is my privacy protected?

A. NCMIC uses 128-bit encryption, as well as other precautions to protect any information you submit to us through our website.

Q. Can anyone from my business or practice request financing on my behalf?

A. Yes, although you are required to sign the actual lease agreement.

Q. Is there a limit on the number of leases I can hold?

A. No. As a matter of fact, the process becomes even faster with each lease you take out. With NCMIC’s simplified Express Request, there’s very little paperwork – any future leases you take out call for even less.

Q. What happens after I’m approved?

A. A Lease and Loan Consultant, who is assigned to personally oversee all aspects of your account, will call you.

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

A. That’s fine because taking delivery of equipment doesn’t, in itself, constitute ownership. Actually paying for the equipment is considered ownership. And, depending upon the time that has passed since you paid for the equipment, you may still be able to lease it.

Q. What if I already purchased the equipment?

A. You can still lease equipment you’ve already paid for if it’s been less than 120 days since you purchased. This type of lease is called a "sale lease-back."

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

A. NCMIC pays the equipment supplier. Your monthly and end-of-term payments are made to us. We are a direct lender so we personally fund and service your transaction. Your lease will not be sold to another leasing company.

Q. How soon is the equipment paid for?

A. One of our Lease and Loan Consultants will call you to confirm that the equipment has been delivered and is working properly. Once this is determined, we’ll issue a check to the equipment supplier right away.