FAQs (Frequently Asked Questions)

What kind of equipment can I lease?
You can finance any Miller or Hobart welding equipment and accessories. You may also include additional products as long as it makes up less than 50% of the total value of the lease.

Can I add equipment to my existing lease later?
Yes, additional equipment may be added to your current American Express master lease subject to credit review. Your new equipment will be added to the current lease and your payments adjusted, or you can simply start a new payment schedule.

Can I include soft costs and services on a lease?
American Express Business Finance will finance 100% of the soft costs - up to 20% of the total amount being financed. These soft costs and services might include: freight, installation, shipping, and training.

Can I use my company's tax-exempt number when leasing?
All American Express leases are considered tax-exempt once the products are ordered.

What are the up-front costs for a lease?
Avoid hefty down payments typical with purchases and bank financing. Get started with just two advance lease payments - due at lease signing.

What happens when my lease is over?
Depending on your lease agreement, you can purchase the equipment you just finished leasing for either $1 or 10 percent of the original cost. In addition, you have the option to return the equipment to American Express or renew your lease contract with new equipment.

Can I cancel the Lease?
No. Leases are a non-cancelable contract and any decision to terminate a lease will still require you to pay out the remaining stream of payments on the contract. If you are considering ending your lease early, please contact American Express Equipment Finance to discuss your options before you make your decision.

Can my lease payments be billed directly my American Express credit card?
No, we will invoice you separately for monthly lease payments. However, you can put advance payments on an OPEN: Small Business Network charge Card such as a Business Purchase Account, Business Gold Card, Executive Business Card, Business Platinum Card®, or an American Express Costco Business Card.

Can I earn Membership Rewards points for leasing with American Express Business Finance?
In general, Membership Rewards points are earned for purchases and transactions made with an eligible, enrolled American Express Card. Since leasing and lease payments are not tied to Card purchases, we cannot provide Membership Rewards for lease transactions.

How do I apply?
Just go to your nearest Miller distributor and ask about our new American Express® Business Finance Program. You can select your new equipment and complete the financing usually in one visit. Your distributor will complete and submit the simple application. Credit decisions get made quickly, usually within 24 hours. Once you've been approved, your distributor will confirm details of your lease with you. You will need to sign a legal, non-cancelable contract agreeing to pay a predetermined, fixed monthly fee for a specified period of time. You'll also need to remit payment for the first and last month of your lease period.

What information will I need to provide on the lease application?
You will be asked to provide the following:

• Information for the vendor who is supplying your equipment, including: vendor name, address, phone and contact information.
• Your general business information, including: legal business name and address, contact name for the person executing the lease, guarantor information, estimated equipment cost or total estimated lease amount, and the equipment location.