Financing
We offer financing programs through Steelcase and Marlin Equipment Leasing
Benefits of considering a financing/lease option:
- Conserve Capital – Instead tying up funds for a capital equipment purchase or using bank loans, which usually require compensating balances and/or loan covenants, financing allows for low monthly payments.
- Retain cash for investing in higher return opportunities. Financing may also circumvent capital budget restraints.
- Protects Credit Lines – Financing options allow credit lines to stay open and preserve borrowing power for other opportunities.
- Tax Benefits – Certain financing structures allow monthly payments to be treated as operating expenses and are usually tax deductible.
- Fixed Rate Financing – The rate remains the same for the financing term.
- Maximize Purchasing Power – Financing provides more purchasing power to acquire what is needed.
- Increases Flexibility – Financing gives you flexible payment and end-of-term options.
Types of leasing agreements available:
$1 Buy-Out Lease
- Depreciation benefits and interest may be tax deductible
- Fixed purchase price
- End-of-term option:
- Purchase product for $1
10% Purchase Option Lease
- Lower payment than $1 Buy-out
- Depreciation benefits and interest may be tax deductible
- Provides a fixed purchase price
- End-of-term options:
- Purchase product for 10% of the amount financed
- Return product to Steelcase Financial Services
- Renew the lease
Fair Market Value Lease (FMV)
- Lowest payment
- Payment may be tax deductible
- May qualify for off-balance sheet, operating lease treatment
- End-of-term options:
- Purchase product for fair market value
- Return product to Steelcase Financial Services
- Renew the lease
Smart Financing Effective January 1, 2014 (revised August 21, 2014)
$1 Buy Out Lease –
- 2 years @ 0 %
- 3 years @ 1.9 %
- 4 years @ 2.9 %
- 5 years @ 3.9 %
Fair Market Value Leases also available.