Home > Leasing at Henry's
Henry's, in conjunction with Equilease, is pleased to offer customers the option of leasing their equipment. Leasing is a perfect option for anyone making a big ticket purchase, setting up a studio or for commercial applications.
Please note that as of December 8, 2017, Henry's no longer offers leasing on drones.
Any consumer, company, sole proprietorship, partnership, organization or association can apply to lease equipment. Note: For Quebec residents only – Individuals cannot lease equipment through Equilease. Equipment can only leased through Equilease if the lease is in the name of a company, organization or association registered with the government.
As the lessor of the goods Equilease (or its assignor) is the legal owner of the equipment during the lease period. Most leases are written with a $10 buy-back so that at the end of the lease period the customer owns the goods.
Henry's will provide an equipment quote to Equilease, or a Henry’s sales associate can provide a customer with a copy of their quote which can be sent to Equilease using the following link http://equilease.com/vendor/henrys/. Equilease will then contact the customer and complete their credit application. In order for a lease to be approved customers must have an active credit card and credit card history. Upon approval, Equilease will sign a Customer to Lease Agreement and inform Henry's that the equipment can be released to the customer. At that point Equilease will pay Henry's for the equipment and begin billing the customer according to the terms of the Lease Agreement.
Leases cannot be cancelled, but the customer can trade in their equipment and lease new equipment before the expiry of the original lease. Equilease also offers a special option of principal buy-out after 1 year without interest penalty.
For a personal lease, the designated lessee and guarantor (if applicable) must sign the lease. For a business lease, the lease must be signed by an authorized office of the corporation, by one of the partners in a partnership, or by the owner of a sole proprietorship.
The customer receives all the benefits of the buyer's warranties and is responsible for the care and maintenance of the equipment.
Equilease requires that the customer insure all leased equipment. If the customer's personal insurance does not cover the equipment, insurance can be arranged through Equilease at cost of $10-$15 per month.