FAQ

  • The lease payment is determined using a lease rate factor of 0.02859. The total cost of equipment and shipping is multiplied by the number to determine the monthly payment amount. There are no fees or additional costs. Per item costs can be seen on the Oven Catalog page.

    Note: * Shipping to Hawaii, Alaska, Puerto Rico and Bahamas will incur a one-time additional freight charge that will be billed directly and outside of your monthly payment.

  • To review a copy of the Lease Agreement, please see : Subway Sample Lease Agreement

  • Once you’ve enrolled Huntington will send you a DocuSign invite. This will be the invite to your Lease Agreement. Once this is completed Huntington will order your selected ovens. Once these ovens are shipped Huntington will pay the suppliers and will initiate your first lease payment.

  • On the first of each calendar month, Huntington will debit the bank account you indicate when you complete your lease schedule. Your first payment will be on the 1st of the month following the start of your lease.

  • Subway has worked with the oven manufacturers to pre-select the ovens available for this program. Additional details can be seen on the Oven Catalog page.

  • Once your equipment is installed and your lease starts, you will automatically be enrolled in our self-service platform Circadia and our Billing Portal.

  • A credit application is a part of any financial transaction. Huntington has worked with Subway to make this process as easy as possible for the Subway franchisees.

  • The goal of leasing the ovens is to easily enable Franchisee’s to replace the ovens at the end of the original lease or any extensions thereafter. Huntington can provide fixed term renewals for the ovens at lower monthly rental payments at the end of the original leases expiration including terms of (12),(15), (18) and (24) months enabling the ovens to ultimately be returned.

    Should a Franchisee wish to purchase a bread oven (speed ovens cannot be purchased) at the end of the original lease term or any period thereafter Huntington will provide an adjusted fair market value. While the current values are unknown as we get closer to the leases expiration, Huntington can provide a buyout for the bread ovens Franchisee’s wish to keep.

  • While Huntington holds the title to any equipment placed on lease, we will assign to the lessee any warranties made by the equipment supplier.