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Leasing Options
videohardware.com has partnered with Fernwood Capital to offer our customers the best leasing rates and customer service in the industry. Fernwood Capital’s great rates and exceptional customer service insure that you are getting the ‘best of the best’ in the leasing industry.
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videohardware.com and Fernwood Capital & Leasing have designed a leasing program to meet the individual needs of our customers. We can now provide you with immediate financing options on our HD Video Editing Workstations for Adobe CS5, AVID Media Composer 5, Newtek SpeedEDIT, Sony Vegas Pro, and our TriCaster Live Video Streaming Systems. Fernwood Capital will work with you to structure a lease that best fits your budget needs.
With over 40 years of leasing industry experience, Fernwood Capital strives to provide the best personal service in the leasing industry.
Try the online calculator to see what your payments would be.
Click here to access a lease application that you can complete and fax.
Act now to take advantage of tax benefits! Make your equipment go to work for you now.
For further details call videohardware.com at 1-877-203-0871 x202.
Here’s a list of the benefits of leasing over other traditional finance methods:
WHY LEASE?
Leasing can help your company’s financial picture by matching the terms of the lease with the useful life of the equipment, and also providing 100% financing which in turn enhances your company’s financial position. Leasing requires less in capital dollars than any other method of financing.
UP TO 100% FINANCING INCLUDING SOFT COSTS
You can include freight, installation, training and maintenance in the total cost of the lease.
CONSERVE VALUABLE CREDIT AND WORKING CAPITAL
Leasing enables you to preserve your established bank lines and conserve cash reserves. Leasing will enhance your borrowing capability and may also improve your balance sheet by reducing your long-term debt. Also with leasing, you do not have to worry about the large up front cash outlay required by most banks.
FLEXIBLE PAYMENT PLANS
Lease payments can be arranged to match your budget, seasonal business or earnings that will be generated by the leased equipment. We will structure your lease to best fit the needs of your own business.
HEDGE AGAINST OBSOLESCENCE
You get more mileage out of your money by leasing, reason being is that your monthly payment is just a small portion of the total cost of the equipment. Leasing will allow you the freedom to purchase new equipment quickly and cost-efficiently while not having the burden of the ownership of obsolete equipment.
OVERCOME BUDGET LIMITATIONS
Budget restrictions that may prevent some companies like hospitals, municipalities and non-profit organizations from purchasing new equipment may be feasible acquisitions through a leasing arrangement.
YOU CHOOSE THE EQUIPMENT YOU WANT
You make all the arrangements as to the price and specifications directly with the supplier or manufacturer. You also retain all of the manufacturer’s warranties.
FIXED MONTHLY PAYMENTS
Leasing takes the guesswork right out of budgeting because you have a fixed payment over a fixed period of time and there are no varying costs to be estimated.
WHAT INTEREST RATE AM I PAYING?
Because a lease is considered a rental agreement, there is no true interest rate attached to a lease transaction. In the leasing industry a “factor” is used to calculate the monthly payment, which can vary based upon the equipment cost, term, buyout option, time in business or your financial condition.
ARE MY MONTHLY PAYMENTS TAX DEDUCTIBLE?
Unlike borrowed funds, lease payments are normally treated as a business expense that comes out of your pre-tax income instead of your after-tax profits. This means that your lease payments may be tax deductible as a business expense. Check with your tax consultant to get the exact benefits of your equipment lease.
WHAT ARE MY OPTIONS AT THE END OF THE LEASE?
It will all depend on the type of Purchase Option you choose. If you signed a $1.00 or Fixed Purchase Option (generally 10%), you are required to purchase said equipment for the specified amount. If you choose a Fair Market Value Option, then you have the option to purchase the equipment, turn the equipment back into the Lessor or renew your monthly payment for an agreed upon term. Note: It will be an appraised amount for the Fair Market Value Option.
MAY I CLOSE OUT THE LEASE EARLY?
Yes, normally there are no penalties associated with closing the lease early.
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