I am looking for the actual lease agreement, application form, etc. I want to see all of the details. I have called the corporate office and stopped by a center. No one can get this for me. Has anyone been able to obtain these documents? Thanks.
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Thanks for posting. Quick follow up question. Did you have to provide any business info besides name and employer ID number?
No, you only need to provide the EIN# and corporation name. The income and credit check are with your personal SS#.
It is a personal credit inquiry. Sorry. This is really a personal lease that they just brand a business lease because I do not believe that they really want to be in the leasing business. They simply added this product to help folks like you that really wanted the tax deduction. They require a business employer identification number just to make sure you actually have a business, but the lease is legally assigned to you individually. All of the underwriting is at the individual level as well.
They told me that there is no pass through of the federal tax credit. They are not considering the credit in the economics of the lease.
I have a weird question. Do you specifically have to be the owner of the business? I work for a large retail chain and my job entails 75% travel where I go from store to store and check on daily operations. Could I be a candidate for the business lease?