Leasing and Financing
ThotBox Leasing
Services offers a full line of leasing terms
to assist your organization with Computer, Network
and Services demands.
We can help you transition
from your existing hardware to the latest technology
and solution by offering your business leasing
options.
With our trade-in program, we’ll help
you manage your technology investment throughout
your equipment hardware lifecycle.Our goal is
to equip your business with computing, printing
and network storage technologies that give you
flexible payment options.
If you would like more information about our program please contact our General Manager or call 866.ThotBox ext. 801
Leasing 101
How leasing works
What is a lease?
Can I cancel a lease agreement?
When do payments start?
Can I upgrade or add-on to my leased equipment?
Can the leased equipment be moved?
How leasing works
A lease is a simple and economical way to obtain the benefits of the
latest technology without assuming the up-front costs, and risks, of ownership.
Simply defined, a lease is a usage agreement between an equipment owner (the
lessor) and a user of that equipment (you, the lessee). The lessee pays a periodic
fee, usually monthly, to the lessor for the use of the equipment. Leases most
often take the form of written contracts with specific terms and conditions
spelled out: length of term, amount and timing of payments, and any end-of-lease
conditions or restrictions.
The lessor is usually viewed as the owner of the equipment
during the lease term, but depending on the type of lease you select either
you or the lessor may be able to claim the benefits of ownership for tax purposes.
Regardless of which type of lease you choose, the future expected
value of the equipment (the residual value) is considered when pricing most
types of leases. The residual value is the lessor's estimate today of the equipment's
value when the lease term ends.
At the end of your lease term, you'll have the following alternatives
(depending on the type of lease you select):
• Return the equipment, and, if you'd like, sign a new lease for the most
current, updated equipment
• Exercise a purchase option and buy the equipment
• Renew or extend the lease
What is a lease?
In simple terms, a lease is a contractual arrangement between the lessee (the
customer) and the lessor (ThotBox via AmeriCorp Financial). We purchase the
equipment from your supplier of choice and lease it to the lessee for a fixed,
regular payment. Generally, there are two different types of leases: a true
lease and a finance lease.
Can I cancel a lease agreement?
No, a lease is non-cancelable. However, ThotBox Financial Services will work
closely with customers to ensure their needs are met with flexible early buy-out,
add-on, or technology refresh options.
When do payments start?
Typically, regular lease payments start 30 days after the lease documentation
is completed. To meet the unique needs of larger customers, we can tailor invoice
formats and payment schedules.
Can I upgrade or add-on to my leased equipment?
In most cases, yes. This is one of the key benefits of leasing through a captive
finance company. Our goal is to provide the Thotbox solution you need, when
you need it.
Can the leased equipment be moved?
Yes, with written notice.
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