Favorable Purchase and Lease Options
At iT1, we offer a number of attractive IT financing options. An iT1 Lease Program is also available which offers you some considerable IT leasing advantages:
Low Upfront Acquisition Cost
Leasing requires only a small, manageable monthly payment. All hardware, software, services, delivery, taxes and miscellaneous costs can be wrapped into the same lease.
Conservation of Working Capital
Equipment leasing can ease the strain on working capital. Clients can continue to leverage their current line of credit at other financial institutions for emergency needs, current cash flow purposes, investments and other profit generating activities while acquiring the technology they need.
Low Monthly Payments
Leasing arrangements range from 12 months where the equipment is generally depreciated to up to 60 months where the monthly payment is generally deducted as an operating expense.
One of the key risks of equipment ownership is technological obsolescence. Leasing helps clients avoid that risk by transferring it to the lessor. Clients can even add or upgrade equipment anytime during the term of the lease.
When structured properly, lease payments are fully deductible for tax purposes, resulting in a lower after-tax cost than conventional financing or outright purchasing.
Today’s economy puts added pressure on an organization’s ability to keep end users and management updated with current technology and effective in their jobs. Companies that are restricted to a yearly capital budget are now able to acquire much-needed equipment with easily affordable monthly payments. Lease payments are fixed throughout the entire lease term, thereby eliminating any uncertainty about future cost to use the assets. In spite of the current economy, iT1 has multiple ZERO percent financing solutions starting at 12 months.