Buy Now, Pay Later: The Budget Solution
- Choose to pay in monthly, quarterly, or annual options.
- Minimum dollar amount for a lease is $10,000 and the maximum is $250,000.
- Leasing allows you to finance all of your technology into one payment. All of your hardware, services, and software can be on one payment, helping you manage your school’s budget.
Fair Market Value (FMV) Lease
A Fair Market Value Lease gives you the ability to purchase the product at any time at fair market value. This is a good option if you want to test out the technology and basically rent it before you purchase. You can stop leasing and return the equipment at any time, continue leasing, or purchase it at fair market value. This option offers lower monthly payments than loans for lease-to-own financing.
Dollar Out Purchase Option Lease
With a $1 Out Purchase Option you own the equipment after your finance term is up. Once the leasing period is over, you buy out the equipment for $1. This is the best option if you are sure you would like to own the equipment and use it for a long time after the finance term, but want to pay for it in increments. If you want to keep your technology updated and get new products every few years, this is not the option for you.