Understanding Itronix Leasing Options
Zach Hubeck, marketing director for WAV Inc
Zach Hubeck, marketing director for WAV Inc. explains Itronix Leasing Options
Q. What should VARs know about Itronix Leasing?
A. WAV ONLINE: Leasing is extremely flexible. Many specialized equipment finance programs can be tailored to your needs and the needs of your customers. In fact, leasing can be used strategically to accelerate cash flow and commissions and better position your company for growth.
Q. HOW CAN SERVICE PROVIDERS CONSERVE OPERATING CAPITAL?
A. WAV ONLINE: Leasing Itronix equipment makes sense for companies that dont want to be asset rich as cash poor. Cash poor service providers cant respond quickly to new business opportunities.
Q. WHAT ARE THE ADVANTAGES OF LEASING?
A. WAV ONLINE: There are several advantages of leasing. The first is simple. Monthly payments on a lease are an expense, whereas a loan is a debt. Even better, with technology advancing so quickly, you can upgrade faster. fast advances in technology, equipment such as your computer system will be out of date in a few years. Leasing this type of equipment allows you to upgrade the system every few years. If an asset depreciates over time, leasing may be the best option.
Q. WHAT ABOUT THE DISADVANTAGES OF LEASING?
A. WAV ONLINE: The cost of leased equipment is higher than an outright purchase. And, at the end of the lease contract the company does not own the equipment, the lessor does.
Q. WHAT KIND OF LEASING IS AVAILABLE ON GENERAL DYNAMICS ITRONIX PRODUCTS?
A. WAV ONLINE: General Dynamics Itronix offers a broad range of financing solutions to customers across the industries we serve. Custom financing programs can be tailored to match your current and future technology and financial needs. Program benefits include:
Pre-qualification to determine maximum purchasing power
Deferred payments
Flexible payment frequencies (monthly, semi-annual, quarterly, annual)
Financial resources that provide innovative solutions to meet budget restraints
Funds for matching grant requirements
Ownership of the acquisition at the end of the term with one dollar purchase option that offers greatest economic impact.
Q. HOW DO DEFERRED PROGRAMS WORK?
A. WAV ONLINE: This lease payment structure allows the equipment to start generating revenue for up to three months before payments begin. Companies can acquire their equipment now without a large upfront capital outlay.
Q. WHAT ABOUT STEP PAYMENT PROGRAMS?
A. Flexible step programs allow service providers to pay a smaller percentage of the lease payment for the first year and then resume normal payments for the remaining term. This option may give you needed breathing room to get a project off the ground or simply delay full payment until cash flow can support the payment.
Q. SO WHAT SHOULD YOU DO?
A. WAV ONLINE: Decide if your business needs to own the equipment or merely use it. A strong vision of where the company's strategic direction is heading and the future financial needs of the business is vital. If you are planning on selling the company in a few years, the higher net worth from equipment leasing can be more attractive to buyers. In the end, review or update your business plan and talk to your accountant.
ABOUT WAV, INC.
WAV, Inc. is a full-service, value added distributor of wireless broadband, wireless LAN, wireless security, data collection hardware, mobile computing products, rugged computing products, rugged docking stations and vehicle mounts, IP video surveillance, mobile printers and voice over IP technology. Located in Aurora, IL, WAV offers value-added services, product availability and unmatched technical expertise to our VAR channel. WAV provides its partners a competitive edge by offering extensive product knowledge, support for multi-vendor solutions, as well as professional value-added services for its VAR community, including (but not limited to): site surveys, software and hardware development and integration, custom rollouts, installation and technical support. For more information call (800) 678-2419 or visit our web site at: www.wavonline.com
by: Wavonline
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