Leasing

LEASE TO OWN equipment and installation with feature rich solutions and applications. Consider the benefits of finite monthly lease payments spread over a 24 to 60 month term, whereby you own the equipment without further obligation at term, and at considerably less expense than what you would pay to a telephone company who wants you to rent their equipment indefinitely, at considerably higher monthly fees, and you NEVER OWN the equipment. Consider too, that when you lease and own your investment, it is not only less expensive, but typically far more feature and applications rich than hosted equipment rented indefinitely. Plus, you can always tack on additional applications, solutions and upgrades on a finite lease. If you are interested in VoIP phones, SIP phones, or a traditional NEW or USED key telephone or PBX system, leasing to own with finite payments over a finite term certainly makes sense.

Figure Out Your Monthly Lease Payments:

Look in the left hand column on the lease rate sheet below. Leasing sums range from $0 – $5000, and then $5001 to $10,000, and so on. You can lease monthly, or quarterly as indicated to the right of each range. As an example, if you are considering leasing $4500, your lease qualifies in the first range of $0 to $5000. If you are considering monthly payments, over 48 months, look to the right of the range, and note the lease rate factor of 25.26. Divide $4500 by 1000 and then multiply 25.26 for a monthly lease payment of $113.67. That gives total payments of $5456.16, for total interest of $956.16, or $19.92 per month over 48 months. If you want to lease quarterly, over 48 months, the quarterly lease rate factors are listed below the monthly ones.

See Diamond Communications Rate Card

Benefits of Leasing:

Flexible Payment Options. 100% financing with no down payment, low monthly payments, and flexible terms.

Allows for Easy Upgrades and Add-Ons: You can often add phone equipment to an existing lease.

Lease payments are fixed, not adjustable: You don’t have to worry about floating interest.

Conserves working capital.

Convenient Application with quick approval and few hassles.

Minimum Budgetary impact, and allows you to put equipment to use immediately to generate revenues.

Financing is generally more easily obtained.

Frequently Asked Questions:

Can other costs be included in lease of business phone system?
Leasing can also finance the soft costs often associated with equipment purchases, such as installation and training services.

Is leasing of new and/or a used phone systems appropriate?
Leasing is always an alternative.

Can I lease a used phone system?
Absolutely.

How hard is it to obtain lease financing for a new or used phone system?
Easy for leases of less than $100,000. An application for a small-ticket lease is generally no more complex than a credit card application. Leases for more than $100,000 require detailed financial information from the business, and the leasing company conducts a more thorough credit analysis than it would for a smaller transaction.

What are the lease option terms I can expect for new phone systems and used phone systems?
Usually the leases are set up in terms of 24, 36, 48 or 60 month terms.

What are my purchase options of this phone system at the end of the lease?
$1.00 Buy Out: At the end of the lease term, lessee may purchase the equipment for $10.00. (Most popular because then you can own the equipment at the end of the lease for $1.00. The monthly payment is only slightly higher then the other purchase options.). 10% Purchase Price: Customer may purchase the equipment at the end of lease for 10% of the original transaction cost. Fair Market Value: This program gives you the most flexibility with upgrades to combat obsolescence. At the end of the lease term the lessee can continue to lease the equipment, return the equipment or buy it at its fair market value.

What is my down payment?
The options are usually no down payment, one months lease, or first and last month’s lease payment.

 
 
 
 
 
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