Is this a high interest rate for good credit?

I am planning on financing equipment for my business. The pruchase price is $6200. I have excellent credit (personally as well as business). The interest rate I have been approved for is 8.3%. With interest rates dropping I thought that sounded kind of high. The term of the lease (lease to own) is 3 years.|||If you have such excellent credit then why are you doing a lease to own instead of using a credit card or that excellent business credit? Be a lot cheaper than 8.3.|||Its not great but its not terrible. Interest rates are only going down on mortgages everything else is being raised to get faster money.|||that is not a bad rate for the type of secured loan!!!|||Talk to your accountant. A one dollar buy out deal might be better.