Corporate business credit is for large companies and organizations. It is used to obtain lines of credit with various companies, equipment leases, credit cards, real estate, and auto leases.
Yes, you will need insurance coverage. In most instances, your business insurance will cover equipment leases.
Commercial leases are generally locked up for a much longer term then residential leases, and it's much, much harder to break a commercial lease. One big difference between commercial leases and residential leases that a lot of people don't realize is that commercial leases are not subject to many of the consumer protection laws that residential leases are. Make sure you know what you're getting into before signing. Most commercial leases are NNN which require the lessee to pay all utilities, insurance, and property taxes. Most residential leases are on a Gross rental basis and do not directly pay NNN charges. Commercial Appraiser http://www.harriscompanyrec.com
It is included on all FMC Rec Carpet Leases but is an optional product to be purchased at the time of sale on standard Finance contracts. So if you financed your car and do not remember being offered it or have paperwork for it chances are you do not have GAP coverage.
The web site, www.chargesmart.com, lets you use a credit card to pay for auto loans and leases, mortgages, utilities, and student loans.
Realtors typically get paid on leases through a commission structure, where they receive a percentage of the total lease amount as their fee for facilitating the rental transaction.
The terms of most auto leases require that you maintain insurance. Failing to do so is typically cause for termination of the lease. If you can't afford insurance, you can't afford to drive.
Experian credit can provide you with your credit report. From past due hospital bills to other items you may have in collections. They always base your rating from how often you pay your bills on time as well as how well you pay any leases, loans and or credit cards.
leases
If you mean U-Haul type (private), then it is the renter through their auto insurance. If you mean a business like a Budget or Siva type, then it is the business that is renting that usually provides the insurance. this would be through the business insurance (i.e. the insurance on the building(s)/property and against theft etc). I f a company leases cars and trucks for use with the business, they must carry "fleet insurance". It is a blanket policy that covers all of the vehicles and the drivers MUST have their own car insurance and that is to protect bthe company and the leasing conpany.
If a company records leases as operating leases rather than capital leases, its assets will generally be lower on the balance sheet. Operating leases do not appear on the balance sheet as assets or liabilities, while capital leases require the lessee to recognize the leased asset and corresponding liability. Therefore, classifying leases as operating leases results in a lower asset base compared to capital leases, which inflate the asset figures.
Commercial credit reporting compiles all credit and risk information for commercial businesses. The information that they look at includes credit reports, loans, leases, supplier payments, market information, stock prices, and cash flow. It is much more involved than a consumer credit report.