Leasing Term # 194 – Stipulated Loss Value (SLV) Table
Do you know what a Stipulated Loss Value (SLV) Table is? Do you have a copy of the SLV Table for your leased equipment? If you don’t know what it is or don’t have a copy, you could end up paying big bucks if your equipment is damaged, lost or unavailable to return at lease end.
Leasing Term # 97 – “Gotchas” – Did They Get YOU?
A “gotcha” can be a feeling you get when something bad happens to you. This is what we hear when you have the “Gotcha Blues”: “We found out our lease was packed with surprises. We thought we understood the fine print. We didn’t.” Learn about some “gotchas” to look for.
Leasing Term # 169 – Personal Guarantee
A Personal Guarantee is a written guarantee given by the business owner guaranteeing payment performance on a lease in the event the company defaults on the lease. Know what you need to do so you’re not held liable in case of default.
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