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Leasing Options
Although
ELO Media does not provide leasing directly, will provide you with
several potential leasing agencies if you are interested in this type
of financing. The application is simple and straightforward and will
require you to fill out several forms and disclose some financial
details and background about yourself and your business. While leasing
you do not actually own the machine, it is a popular form of financing
and may prove to be the right financial decision for your needs.
What is a Lease?
A
lease is a contract where one party (the lessor) gives another party
(the lessee) the exclusive right to use and possess its equipment for a
specific period of time. Leasing is an efficient and affordable method
to acquire the DVMATIC and manage cash flow. According to industry
studies, equipment leasing accounts for approximately $200 billion a
year.
Who can lease?
Any sole proprietorship,
partnership, corporation, or LLC
| Leasing Programs |
| $1.00 Buyback (Lease Purchase) |
Choose this option for a specified
term (1 to 5 years) and you own the equipment with nothing to pay at
the end of the lease term. The $1.00 buyback allows you to clearly
define your costs and manage cash flow. There may also be many tax
benefits associated with a $1.00 buyback lease.
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| Fair Market Value (FMV) |
The equipment may be purchased for
the fair market value (FMV) or returned to Leasing vendor with nothing
further to pay. The FMV is typically 10% of the original cost of the
equipment. The benefits of an FMV lease are lower monthly payments and
potential tax benefits. Lease payments are often fully deductible as an
operating expense with an FMV lease. At the end of the lease, the
equipment can be returned to the financial vendor, purchase for its
then fair market value, extend the lease or upgrade to new equipment.
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| Capped Purchase |
Same as Fair market Value, but with predetermined ceiling to limit Fair Market Value exposure at the end of the lease.
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| Leasing Benefits |
| 100% Financing |
All equipment costs, software, installation, delivery, training and maintenance can be included in the lease.
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| Tax Benefits |
Lease payments are 100% tax
deductible as an operating expense! Total payments can be expensed over
a shorter time period. Talk to your accountant about leasing tax
benefits.
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| Ease |
The application is simple, and the
process fast. A one-page credit application is generally required and
the process typically takes 24 hours.
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| Conserve Working Capital |
Acquire equipment with almost no
capital expenditure. Leasing allows you to pay for your equipment as it
generates income. Cash and equipment are working assets - keep both
working for you.
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| Free Up Lines of Credit |
Leasing allows you to acquire your
equipment immediately while keeping existing lines of credit available
for other needs! Cash Flow.
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| Management |
Future costs are clearly defined with a fixed lease payment. Low Initial.
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| Cost |
This is one of the most appealing
aspects of leasing. Leasing conserves your operating capital. 100%
financing, in most cases, means low/no down payments.
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