We Lease Most Makes & Models of New Vehicles Select Late Model Used Vehicles All Types of Personal Property. We’re the Leasing experts. F.F.Fisher Leasing account professionals will create the best possible leasing arrangement for your needs. We pride ourselves on personal service that lasts through the period of the lease. Please call one of our leasing representatives today to find out more. What is Leasing? There is nothing mysterious about leasing. Leasing means using property for an agreed-upon period of time for an agreed-upon schedule of payments. When you purchase a vehicle, you make a commitment to pay for that vehicle for its entire lifetime. When you lease, you pay for only that portion of the vehicle’s lifetime that you use. Leasing is simple: You, the customer (the lessee) and F.F.Fisher Leasing (the lessor) sign a lease agreement. You agree to pay F.F.Fisher Leasing a specified monthly fee for a specified period of time in exchange for the use of the vehicle, which is owned by the leasing company and being used by you as though it were your own. Convenience You select the vehicles of your choice, we arrange to have them ordered, delivered to you wherever you need them and you can easily add to your fleet. Our master lease applies to the vehicles you order in the future as well as the cars or trucks you order today. Reduced Cost The large number of vehicles we purchase means we can buy at the best possible price. We pass those savings along to you in the form of reduced payments. Flexibility Leasing enhances your cash flow, freeing capital for alternative investments or purchases. If your business is seasonal, lease payments can be adjusted to accommodate fluctuations in income. What’s more, leasing enables you to predict a portion of your transportation costs in advance. No Down Payment You get 100 percent financing, with no compensating balances. Off-Balance Sheet Accounting Unlike conventional loans, leases need not appear on your company’s balance sheet. (Leases not shown on a balance sheet must be footnoted.) As a result, a properly structured lease can improve your company’s return on assets and make a profitable impact on your income statement. If an Operating Lease is beneficial in your business please ask one of our leasing professionals for more information. Fixed Payments Leasing protects you from costly fluctuations in the prime or reference rate. Lease payments, which are fixed at time of funding, also enable you to predict more accurately future equipment costs and cash needs, making budgeting easier. Experienced Personal Service F.F.Fisher Leasing account personnel are experienced in vehicle leasing and are prepared to fully understand your leasing needs. Some team members have been involved in vehicle leasing for 40 years or more. Full Warranty Protection When you lease vehicles through F.F.Fisher Leasing, you are covered by all existing manufacturer’s warranties and guarantees. Finance & Accounting Terminology F.A.S.B. 13 – This term stands for Financial Accounting Standards Board Statement No. 13, which created a specific set of guidelines for accounting for all leases. The FASB is associated with the American Institute of Certified Public Accountants. Capital Lease – F.A.S.B. No. 13 requires this lease to be capitalized and depreciated for accounting purposes. Operating Lease – Qualifies under F.A.S.B. No. 13 for off-balance sheet treatment. In many cases, we will be able to structure an operating lease if it is beneficial for the lessee. Tax Terminology True Lease – A lease whereby the lessor retains the tax benefits of ownership. Conditions of a true lease are broadly defined in Revenue Ruling 55-540. TRAC – (Terminal Rental Adjustment Clause) If the net proceeds of the sale of the vehicle exceed the depreciated value, the owner pays the difference to the Lessee as a rent deduction. If the net proceeds of the sale of the vehicle are less than the depreciated value, the lessee pays the difference to the owner as additional rent. Industry Terminology Business Lease – Vehicle is used primarily for commercial or business purposes. Consumer Lease – Vehicle is used primarily for non-business purposes. Closed End Lease – (aka Net Lease, Walk away Lease) Lessor provides the equipment and assumes the risk of depreciation. Open End Lease – (aka Finance Lease) The lessor provides the vehicle and the lessee assumes the risk of depreciation. In the case of a consumer lessee, the Federal Truth-In-Lending Act limits this risk. Remember...We Lease Just About Anything!

Fisher Enterprises 500 40th Street SW Fargo, ND 58103 Phone: (701) 282-2324 Toll Free: 1-888-547-0536 E-mail: sales@fffisher.com