Spafford Leasing Associates, Inc., since 1989, has leased most types of equipment used by most businesses, large and small, including computer systems, hospital equipment, copiers, telephone systems, computer software, manufacturing equipment, for lease terms ranging from 3-7 years. All of our leases are triple net, with lessees being responsible for continued maintenance, insurance, and taxes. At the end of the original lease term, lessees may choose to (1) purchase the equipment for $1, 10%, or Fair Market Value (FMV) (i.e. all end of lease options are negotiated at lease inception as the monthly payments reflect the option selected with FMV being the lowest monthly payment), (2) renew the lease month to month or year to year, or (3) return the equipment with proper notice to Spafford Leasing or its assignee which is usually a dealer/buyer in that type of equipment that Spafford Leasing has a relationship with. Spafford Leasing Associates, Inc. leases only to well established and credit worthy businesses and municipalities, and our transaction sizes range from under $100,000 to $5 million or more. Our geographical area is New England however we are nationwide for the Fortune 1000 companies and have done business with many of them. Spafford Leasing Associates, Inc. and its experienced management team, is the only independently owned general equipment financing lessor headquartered in Western Massachusetts. Our lease base/customer base now exceeds 300 plus current and past customers and over 50% of our annual business comes from repeat business with existing customers with the balance coming from new accounts. On a macro-economic basis, the equipment financing/leasing markets nationwide are a significant part of the economy and based on government statistics its a $1 trillion plus per year market for equipment and software, excluding real estate. Over 70% of all businesses, including the Fortune 500, have leased their equipment. www.facebook.com/spaffordleasing