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Leasing Plans and Purchase Options
Plans
PBL offers its clients a variety of plans to choose from when
purchasing shoe repair machines. We will work
with you to find the plan that suits your needs. Among our most
popular plans are the six months deferred payment and seasonal skip
payment plans.
1. Six Month Deferred Payment
No Payment for six months, then regular monthly payments for the rest
of the lease term. In effect, a 36 month lease would become a 42 month
lease, with no lease payments made over the first six months. |
2. Seasonal Skip Payment
Many clients find that particular periods during the year are slow for
business. At such times, these clients find it advantageous to
postpone lease payments. Under the seasonal skip payment plan, you get
to choose the three months of each year during which you wish to avoid
making lease payments.
Shoe Repair Machines Purchase Options
When deciding on the leasing plan that suits your needs, as well as
considering the term of the lease and the payment schedules, you will
also want to consider the purchase options available to you at the end
of the lease term. No matter what type of plan you choose, the options
available will always be the same. There are three to choose from and
the option that you wish to exercise must be stipulated before the
leasing plan goes into effect.
1. Fair Market Value (FMV)
This is the most commonly exercised option. At the end of the lease
term, you may purchase the equipment being leased at the then fair
market value of the equipment. This value will usually be
approximately 10% of the original value of the equipment.
2. 10% Buyout
This plan is similar to the FMV option, except that you may purchase
the equipment being leased for a guaranteed 10%. This plan works well
for big pieces of equipment that normally retain their high value.
3. $1.00 Buyout
At the end of the lease term you may purchase the shoe repair machines
and equipment being
leased for the guaranteed sum of $1.00. The purchase option that you
choose will have a bearing on the payments required under the terms of
the lease. Should you choose the $1.00 Buyout option, you should note
that this will ordinarily result in the lease payments being higher
and that, for tax purposes, such a lease agreement is not considered a "true lease" which means that your lease payments will not be wholly
tax deductible.
If you have any questions, or if we can be of assistance in any way,
we're here to help you find the best financing available.
PBL
We make leasing work for you
1202 Turks Head Lane, West Chester, PA 19382
Phone 1-800-448-6404
Fax 610-793-1067 |
