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Ten Reasons to Lease (not original with us, these ten reasons exist on more than one leasing web site) …

#1 - Simplicity and Convenience

Once a master lease is in place, a lessee can often add equipment whenever, however and wherever they desire. Surveys have consistently ranked this as the most important benefit for lessees, which says something about the frustration levels that can result from dealing with budgets, bureaucracies and paperwork.

#2 - Preserving Liquidity

Leasing is often a zero down kind of financing and allows a firm to reserve their cash and borrowing power for operating expenses and other more intangible costs of doing business.

#3 – Cash Flow Management

In many cases, lease payments can be structured to match budgetary or cash flow requirements. If there is no space left in this year’s budget, write a lease with no payments due until next year. If the revenues from the use of the equipment increase over time, write a stepped lease where the payments also increase over time. Payments can be made monthly, quarterly, semi-annually, annually, or any other way which works best for the lessee.

#4 - Lower Total Costs of Acquisition

The wild card here remains the residual issue, but in many cases, a properly structured lease will be significantly less expensive than acquiring the same equipment through outright purchase, particularly on an after tax basis. We offer $1.00 buyouts or 10% residual buyouts which of course will lower the payments.

#5 - Accounting Benefits

Just about any lease can be structured to meet the accounting tests for treatment as an "operating lease," thereby taking the lease obligation off the main balance sheet, which in turn can help by improving various financial ratios and performance indicators. In many cases, a lease will eliminate the possibility of a loss on sale when owned assets are eventually sold. If purchased and then depreciated, just about any high tech assets will be on the books at a value in excess of current market values.

#6 – Tax Benefits

Although each lease will differ, many companies will find the tax deductibility increased through leasing compared to ownership, particularly when dealing with high technology and other shorter-lived assets.

#7 - Outsourcing the Asset Management Headaches

Many firms choose to own those assets which tend to appreciate in value (such as real estate) and lease those assets which tend to depreciate in value (such as equipment). By partnering up with a qualified lessor who has real expertise in particular asset classes, a firm can leave the headache of getting rid of old technology to someone with the expertise and contacts to do so efficiently. If you build into the lease "cancel and return" options as well as early buy out and technology refresh options, you can maintain the flexibility to move to new equipment throughout the financing period rather than just at the end of the lease term.

#8 – Tracking Total Cost of Ownership

A lease makes things easier in terms of tracking costs relative to revenue produced; whether by product line, project, cost center or other indices. To help in this process, many leases will be written to include software, services, maintenance, training and other soft costs which are associated with the equipment itself, to cover all related costs under just one lease payment.

#9 – International Flexibility

A master lease written in the USA can often be adapted to allow for the equipment to be delivered and used anywhere in the world. Today’s economy is increasingly global in nature, therefore the ability to easily finance in any country will soon be essential for business success.

#10 – Low Easy Monthly Payments

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PRINT THIS PAGE, FILL IT OUT, AND FAX IT TO: (704) 272-0175

ATTENTION: MIKE THOMAS

LEASING COMPANY BUSINESS APPLICATION

Business Name_________________________________________________________________________

Business Address_______________________________________________________________________

City ________________________________ State _________________________ Zip ________________

Business Phone _____________________ Business Fax ____________________ #Years in Business ____

Nature of Business ______________________________ DUNS #_____________ Tax I.D. ____________

Officers, Partners, Principals:

Name ___________________________________ Title _____________________ % Ownership ________

Name ___________________________________ Title _____________________ %Ownership ________

Principal Guaranty Information:

Name _________________________________________________________ S.S. # ______-_____-______ 

Home Address__________________________________________________________________________

Home Phone ________________________ Date of Birth ______/_____/______ # Years at Address _____

Company Bank Information:

Bank Name __________________________________ Phone Number _____________________________

Account # ___________________________________ Officer ___________________________________

Company Insurance:

Insurance Company ___________________________ Agency ___________________________________

Agency Address :_____________________________ Agency Phone Number ______________________

Trade References:

Supplier ____________________________________ City _____________________ State ____________

Contact Person _________________________________________ Phone Number ___________________

Supplier ____________________________________ City _____________________ State ____________

Contact Person _________________________________________ Phone Number ___________________

I, the undersigned, certify that everything I have stated in this application and on any attachments is true and correct. By signing below, I authorize FEFCO, LLC OR TWIN STATES, OR ANY OTHER LEASING COMPANY, its assigns and/or designees to verify the information provided, obtain personal credit reports on all principals, obtain company credit reports, obtain bank and trade references, and any other credit inquiries necessary in connection with this application. I authorize all parties contacted to release credit and financial information requested by FEFCO, LLC OR TWIN STATES, OR ANY OTHER LEASING COMPANY, its assigns and/or designees.

Authorized Signature ____________________________________________ Title ___________________

Office Use Only:

Equipment Description :______________________________________________

Cost: __________________ Term: __________