can a non-cancellable equipment lease be renegotiated?

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can a non-cancellable equipment lease be renegotiated?

2007-02-01 09:15:49 · 2 answers · asked by seadaze2 2 in Business & Finance ➔ Other - Business & Finance

2 answers

It can not hurt to try.

You might be able to shorten the term of the lease, if you offer to increase your payment rate. For example if have a lease of $500/mo over 4 years, you might be able to shorten it to $600/mo over 2 years. This lowers the total liability for you and lets them lease out the equipment again.

2007-02-01 09:21:53 · answer #1 · answered by VATreasures 6 · 0⤊ 0⤋

Anything can be renegotiated; this is an agreed decision of the parties to the contract.

2007-02-01 17:19:57 · answer #2 · answered by whatevit 5 · 0⤊ 0⤋