EverTech EverLease Equipment Leasing
A Competitive Edge for Your Business
"Leasing is a strategy with increasing appeal to small
business." -International Data Corporation
"... only about one-third of companies that lease look at it as a purely financial transaction. The other two-thirds lease IT equipment because it helps them better manage their IT equipment life cycles." -GartnerGroup
"Studies by the GartnerGroup and other organizations suggest that companies can spend as much as $500 or more in total administrative and other costs just to get rid of an old (computer) ...about one-third to one-half the cost of a new system."
"Computers now become obsolete in about three years. Leasing allows you to update quickly and easily --and keep up with the competition." -BusinessWeek
"Leasing lets you switch systems more often to keep up with fast-moving technology, while leaving you with more cash to expand your business." -BusinessWeek
"As technology advancements occur at a quicker rate, (there's) real value to be had in the ongoing lease model." -InformationWeek
"Because the value of IT equipment declines so rapidly, disposing acceptably of used and surplus equipment may actually cost more money than the (company) receives from selling it". -GartnerGroup
"Leasing provides a means of transferring the residual and disposal risk to the lessor under contracted terms." -GartnerGroup
"Leasing is a powerful tool that, if well-applied, can significantly reduce costs and act as a catalyst to drive overall systems management strategies." -Dataquest
"Disposal of obsolete equioment can be expensive due to fire-sale underpricing of obsolete equipment, underpricing due to lack of market knowledge, excessive remarketing, advertising, and refurbishment costs and environmental disposal issues." -GartnerGroup
"Leasing conserves conventional lines of credit, is more flexible than conventional financing, provides fixed-rate financing, overcomes capital budget constraints, allows a higher return on assets and may provide higher book earnings." -Equipment Leasing Association of America
"With leasing, customers are better able to manage technology cycles and their computer equipment budgets." -Computer Reseller News
Leasing is a growing trend. With the volume of equipment leased by U.S. businesses rising by more than 90% over the last decade - from $120 billion in 1989 to nearly $226 billion in 1999 - equipment leasing has clearly gained acceptance as a smart way to manage and finance needed equipment. Leasing has become a fast-growing trend, particularly for rapidly outdated high-technology equipment.
- 80% of all U.S. companies lease some or all of their equipment Source: Equipment Leasing Association of America
- 35% of all computer sales in North America are now financed with leasing. Source: Dataquest
- 80% of computer equipment on lease is now upgraded or replaced within 24 months, 95% within 36 months. Source: Dataquest
- Maximize
Your Budget
With minimal cash outlay and low monthly payments, leasing improves cash flow and simplifies financial planning. Use your cash and credit lines for profit-generating activities, not overhead. Leasing allows savvy companies to pay for the equipment over time, as it is used.
- 100%
Financing
Unlike other types of financing, leasing allows you to finance hardware, software and such services as installation and training. Up to three years of a manufacturer or national service contract can also be included in your lease. EverLease provides convenient, one-stop shopping for your total IT solution.
- Conserve
Capital/Preserve Credit Lines
Leasing won't disrupt your existing credit lines. It effectively provides an additional line of credit.
- Have
the Latest and Greatest Technology - Today and Tomorrow
Concerned about acquiring equipment that can quickly become obsolete? Leasing allows your business to always have the most current technology, a key competitive advantage. EverLease Life-Cycle Solutions offer a variety of programs designed to "refresh" equipment as it becomes obsolete. With leasing, your business's productivity and competitiveness need not be compromised because of outdated equipment.
- Flexible
Payment Structures
Lease payments can be matched to budget levels, or customized to match revenue streams.
- Financing
for Your Business Equipment
EverLease finances a wide variety of equipment that your business needs to remain competitive.
- Easy
Equipment Upgrades and Add-Ons
Upgrade or add-on equipment to your lease at any point during the lease term.
- Avoid
the High Costs of Disposal
Government regulations dictate how IT equipment disposal must be handled. And for companies that decide to sell obsolete equipment, research indicates that proceeds from selling the equipment do not cover expenses. The EverLease program has the resources and systems necessary to support your equipment disposal needs.
- Tax
Advantages
Unlike bank loans, lease payments are generally fully tax deductible. (Please consult your accountant or tax advisor to discuss this important tax advantage.)
- Fair Market Value Lease: Includes option to purchase equipment at lease-end for its then fair market value.
- 10% Purchase Option Lease: Includes option to purchase equipment at lease-end for 10% of the original equipment price.
- $1 Buyout Lease: Includes option to purchase equipment at lease-end for $1.
EverLease Life-Cycle Solutions
Leasing Programs designed to help you "refresh" equipment and manage obsolescence
- Trade-In/Disposal: Receive a trade-in credit for old equipment when new equipment is leased. EverLease can also handle disposition of old equipment, which can be very costly.
- Add-On Program: Add equipment to existing lease at any time, with no money down.
- Trade-Up Lease: Enables existing EverLease customers to upgrade equipment at any point during the lease term.
- Financing for Your Equipment: EverLease finances a wide variety of equipment that your business needs to remain competitive.
- Fast Credit Response: In most cases, you'll receive a credit decision in 15 minutes or less.
- Simplified Lease Documentation: One-page lease document in most cases.
- Includes Hardware, Software and Services in Your Lease: In addition to hardware, you can add software and services like training to your lease. You can addup to three years of a manufacturer or national service contract.
- Flexible Payment Structures: Lease payments can be matched to varying budget levels.
- Dedicated, Experienced Customer Service Team: EverLease representatives are experts and can partner with you to match your m\needs with the appropriate financing programs and structure.
- 24/7 Web Support: Submit a lease application on-line. Download lease application and payment quoter.
A Customer-Friendly, Knowledgeable Partner
The EverLease team has the knowledge needed to satisfy the equipment, services and leasing needs of our customers. As your strategic partner, we cover a wide array of technology solutions. The financing offered by EverLease covers a broad range of products and services making EverTech your one-stop shop for a total Communications, Computing, and Networking IT Solutions. EverTech has been providing its customers with IT solutions since 1985.
With IT equipment becoming obsolete quicker than ever, companies now need to better manage their technology investments. Leasing addresses many of the IT issues facing customers today.
- IT budgets are too small, and the process to request additional funds is cumbersome and confusing.
- Companies don't understand all of the issues and costs related to equipment disposal.
- IT managers typically do not recognize and/or understand the financing options available to them.
- Many companies incur a book loss because equipment is obsolete before it is fully depreciated.
- Managing
technological obsolescence is a key component in helping reduce companies'
total cost of ownership (TCO).
