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Considering Plotter Leasing Or Rentals?

Plotter Lease & Rentals Glendale & Phoenix AZ | Plotter Doctors

Plotter leasing in Arizona is an excellent way to grow your business without the significant initial investment and usage of your existing lines of credit. With equipment leasing, you are required only to make a minimal initial investment, which allows you to preserve your cash flow while getting the equipment you need. You can also keep your existing line of credit open for operations and short-term financing. If you are interested in renting or leasing a plotter in Glendale or Phoenix Arizona, give us a call today at (602) 272-4647.

Equipment leasing offers additional benefits to your business including better value and tax advantages. In most cases, the full amount of the equipment, service, shipping, installation costs and maintenance can be included in the lease. This will spread the cost out evenly over the term of the lease and free up your money to work harder for you. Learn more about equipment leasing and how it can help your business.

Flexible Financing for New & Used Equipment

Our equipment financing specialists offer a variety of flexible financing packages for all types of new and used equipment and technology. Our experienced equipment financing professionals will work with you to create a customized payment schedule or buy-out option to fit your business needs.

Equipment leasing is an excellent way to grow your business without significant out of pocket expenses. Leasing offers real advantages including better value, more convenience and greater control. In most cases, the full amount of the equipment, as well as the service, shipping, installation costs and maintenance can be included in the lease. This spreads the cost out evenly over the term of the lease freeing up your money to work harder for you. Currently, 35% of all equipment is leased.

Plotter Leasing & Rental Overview

Plotter Leasing defined
A lease is a contractual arrangement in which a leasing company (lessor) gives a customer (lessee) the right to use its equipment for a specified length of time (lease term) and specified payment (usually monthly). Depending on the lease structure, at the end of the lease term the customer can either purchase, return, or continue to lease the equipment.

Leasing works for any type of business
Every imaginable type of organization leases throughout the world including proprietorships, partnerships, corporations, government agencies, religious and non-profit organizations. Over 80% of American businesses lease at least one of their equipment acquisitions and nearly 90% say they would choose to lease again.

How leasing is done at Plotter Doctors.
Fill out a short online lease application. We will review your application and contact you the moment you are approved to begin the leasing process.

Leasing has become the preferred method of acquiring equipment among businesses. Currently, 35% of all equipment is leased. Leasing offers real advantages including better value, more convenience and greater control.

Better Value

Make better use of your money

l Conventional bank loans usually require more money upfront than leasing and often have restrictive covenants.
l Conventional debt financing may require a 10-20% down payment.
l Leasing generally requires only one or two payments upfront, which are applied to your future payments.

Finance 100% of your costs
In most cases, the full amount of the equipment, as well as the service, shipping, installation costs and maintenance can be included in the lease. This spreads the cost out evenly over the term of the lease freeing up your money to work harder for you.

Realize significant tax savings
Monthly payments on operating leases are typically viewed as operating expenses offering significant tax benefits. You should always consult with your financial advisor to determine the most tax-beneficial lease for your company.

Greater Control

Avoid the risk of your equipment becoming obsolete
With ownership you run the risk that new technology will render your equipment obsolete within a few years, leaving you with equipment that no longer meets your needs and that is difficult to sell. Leasing allows you to replace or upgrade equipment to keep your business competitive.

Improve your cash flow
forecasting The fixed nature of a lease obligation eliminates uncertainty about the future cost of the equipment. Your lease payments facilitate more accurate forecasting and planning.

No ownership dilution
Leasing allows you to increase the cash flow of your company without bringing in investors to finance capital expenditures

Types of Plotter Leases & Rentals

True Lease or Operating Lease

l What it is good for: Used with equipment that rapidly depreciates or becomes obsolete in a short period of time.
l How it works: In a true or operating lease, the leasing company retains ownership of the equipment during the lease. True or operating leases typically have no predetermined buyouts; customers usually classify these payments as an operating expense.
l Benefits: Lower payments and typically the most tax-friendly form of leasing, Additionally, true or operating leases offer three choices at the end of your lease:

1. return the equipment to the leasing company,
2. purchase the equipment at its fair market value or option amount, or
3. extend your lease term.

Finance Lease or Capital Lease

l What it is good for: If you plan on owning the equipment at the end of the lease.
l How it works: The full purchase price plus interest charges are spread over the length of the lease.
l Benefits: You will own the equipment at the end of the lease for a minimal amount, such as a fixed percentage of the original cost or $1.00.

60 or 90-Day Deferred Lease

l What it is good for: Businesses that need equipment for operation and development that will not immediately generate revenue.
l How it works: A 60 or 90-day deferred lease can be structured as a finance lease or a true lease. There is usually no advance payment required, and the first payment is not due until 60 or 90 days after the lease begins.
l Benefits: The equipment you need can be acquired with little to no money up front and no payments for 2-3 months.

Master Lease

l What it is good for: Leasing additional equipment over a certain period of time.
l How it works: Separate lease schedules are created to accommodate the addition of equipment over that period of time. The master lease governs the basic terms and conditions.
l Benefits: Acquiring additional equipment is made more convenient.

Buyout / Purchase Options

Fair Market Value (FMV) Purchase Option
At the end of term, you usually have the following options:

1. Purchase the equipment for its then Fair Market Value,
2. Extend the lease for a pre-determined length of time (this will be specified in your lease contract), or
3. Return the equipment at the end of term (please check your lease documents to see if this is one of the options). Please note that some leasing companies require you to enter into a new lease agreement of equal or greater value if you choose this option.

Fair Market Value (FMV) Purchase
At the end of term you are obligated to purchase the equipment for its then Fair Market Value.

10% Option | Lease To Own

At the end of term, you usually have the following options:

1. Purchase the equipment for 10% of its original purchase price,
2. Extend the lease for a pre-determined length of time (this will be specified in your lease contract), or
3. Return the equipment at end of term (please check your lease documents to see if this is one of the options). Please note that some leasing companies require you to enter into a new lease agreement of equal or greater value if you choose this option.

You are often required to give written notice of the option you wish to select prior to the end of term. Please review your lease agreement to understand the timing of this written notice

10% Put
At the end of the lease term you are obligated to purchase the equipment for 10% of its original purchase price.

$1 Buyout
The customer purchases the equipment for $1 at the end of a capital lease and title to the equipment is transferred from the leasing company to the customer.

Comparing Purchase Options

Advantages

Disadvantages

Commentary

Fair Market Value

End of term option is open ended.
Lower monthly payments.
Maximized tax benefit.
Great for rapidly depreciating equipment.

Fair Market Value can be ambiguous and result in a disagreeably high valuation.

Fair Market Value allows you and your leasing company to negotiate what the value of the equipment is at the end of the lease. There are normally 3 options at the end of the term: buy the equipment for a mutually agreeable price, continue leasing it, or return it. You should ask your leasing company what they normally expect to receive at the of the lease term and if they can cap the amount.

10% Purchase Option / Put

End of lease payment is predetermined at either a fixed percentage of the equipment cost or a specified dollar amount.

You must pay the Fixed Put. It is considered an additional payment.

The Fixed Put is beneficial if you would like a lower monthly payment and are not concerned about making an additional payment at the end of lease.

$1 Buyout

End of lease payment is $1.00.

Higher monthly payments.
Minimized tax benefit.

You can own the equipment for $1.00 at the end of the lease.

Please make sure to read your lease contract. Definitions may vary depending on the leasing company you choose

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