Leases

CT&L leases are quoted as upfront payments [in advance] unless otherwise noted. At lease inception, the Lessee shall remit all Interim Rent charges, applicable freight charges, and the agreed upon number of prepad lease payments, where applicable. Thereafter, all lease payments shall be due on the first day of each successive month, unless otherwise noted in the signed lease agreement.

Equipment Sales

Sales of new, and/or pre-leased equipment are subject to a two-tiered terms structure:

1. First time transactions shall be C.O.D. or prepaid transactions. CT&L will accept a cashiers check or money order for these transactions.
2. After three (3) consecutive C.O.D. or prepaid transactions, CT&L will transfer the customer to Net 30 terms. CT&L will accept a company check for these transactions.

At all times, CT&L reserves the right to modify or waive these payment terms, and outside of the lease agreements, no contractual payment terms shall be established.