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NEC FINANCIAL SERVICES, LLC
1 PARK 80 PLAZA WEST
SUITE 309
SADDLE BROOK NJ 07663-5806
TEL: (800) 451-5361
FAX: (800) 451-5360
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http://www.neclease.com
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Fair Market Value Lease
Get the lowest possible lease payment with an end of lease purchase option not to exceed the fair market value of the equipment. This type of lease may have significant tax advantages.
$1 Purchase Option Lease
This lease type entitles the customer the benefits of ownership, such as interest and depreciation deductions. After all the lease payments are made, the customer can purchase the equipment for $1.00.
10% Purchase Option Lease
At the end of the lease, the option to purchase is fixed at 10% of the original cost allowing for lower monthly lease payments and a predictable cost of purchase at the end of the initial lease term.
Balloon Lease
A balloon lease allows for a commitment to a guaranteed purchase price. This is beneficial where the value of the equipment is strong and the lessee wants to leverage that value in order to have a lower monthly payment.
Step Lease
Some equipment requires time to realize its value. A step lease allows lower monthly payments for an initial period then "step-up" to the normal payment for the remainder of the lease term. This type of lease is ideal for equipment that has a longer training period or might generate a higher level of revenue at a later date.
It is also beneficial for customer's who expect their revenues to grow over the term of the lease. They make lower payments in the beginning and higher payments as their business grows
Deferred Payment Lease
This lease has no payments for a specific period of time. For example, the lease may have no payments for the first 60 or 90 days.
Seasonal Lease
This type of lease has no payments or reduced payments for a specific period of time each year. The lease is structured to benefit those customers that have a seasonal business.
Custom Lease
Equipment leasing is flexible! You can rely on our experienced sales representatives to create a lease to meet your needs.
Municipal Leases
Who is eligible for a municipal lease? Generally any government organization (city, county, sate, special district or authority) including certain schools, universities, hospitals fire districts, water districts and housing authorities.
These entities are usually tax exempt. Municipal leases have special clauses which allow for cancellation of the lease if they do not receive their funding. Municipal leases have a $1.00 purchase option.
>> More information on the Municipal Lease Program
Maintenance Financing
NEC Financial Services provides financing for long term maintenance agreements. This allows our customers to make one payment that includes the equipment financing and the associated maintenance. For more information on this product, please contact your NEC Financial Services Representative.
NEC Tech Refresh Lease
The initial sale is not the end but the beginning of the support provided by NEC Financial Services. As a customer's needs change, whether for additional equipment or a larger system, NEC provides the flexibility to meet those needs. This can include:
- Providing additional Schedules to the Master Lease Agreement on a continuous basis.
- Providing the Schedules for the same purchase option or a $1.00 purchase option. (The availability of a $1.00 purchase option is very important to customers who are near the term end of a fair market value lease.)
- Terminating the current lease Schedule and writing a new schedule for the cost of replacement equipment plus the balance of the original leased equipment ("Rollover").
This service benefits each party because:
- Extends the customer relationship.
- Provides the Dealer with a selling opportunity for new equipment.
- Provides the customer with an affordable technology migration path.
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