Financing Equipment

Financing equipment and applications can preserve capital for revenue generating business activities. Equipment is a depreciating asset so it may be better to lease your communication solution. If the solution reduces monthly communication expenses (e.g. telephone), this can help pay for the lease.

Comparing Financing Equipment Options

Interest Rate – The interest rate charged will greatly impact the monthly cost.

Residual Value – Equipment depreciates in value and has an expected life cycle which both impact the monthly price.

Application – The Finance Application should be simple to understand and not take a long time to complete.

Down Payment – Look for low, or no down payment options to further preserve capital.

Payment Flexibility – A delayed first payment option will allow the solution to begin working before the first payment is due.

Mixed Equipment – New and used equipment and solutions from different vendors may be combined into one lease.  Check to see if this is an option.

Add-ons – Having the flexibility to add equipment or applications to the same lease at a later date can make future purchases easily implemented.

Quick Response – Once you decide on a communication solution, you should expect a quick response to your application. How long will the decision take?

Customer Service -The leasing company should have customer service personnel to assist with any problems.

End of Lease – No early termination fee allows you to pay off the lease early and pay less interest.

End of Lease Options

    1. Return the equipment
    2. Buy the equipment at an established value
    3. Purchasing equipment for nominal amount (e.g. $1).

Global Link can help you forecast your communication expenses, ROI and the lease versus purchase option to plan a customized voice, data, video, audio and security solution for your business.

Contact: sales@glci.net or 800-494-LINK for a no cost or obligation consultation.

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