Equipment Leasing
Service Contract Financing
In a service contract, the customer makes payments only if the equipment or service it is paying for is active or in working condition. If there is an instance or time period in which the client is not receiving the service, there is no payment obligation.
This differs from an operating lease wherein the Lessor (Rockwell Financial Group) is responsible for equipment maintenance and depreciation, but the client is obligated to make payments during the usage period of the contract lease term.