Leasing vs buying
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Leasing vs. Buying. Service Associate Member of Illinois ASBO. Introduction Leasing Basics Leasing Benefits Leasing Programs Leasing Process Success Stories When to Lease & When to Buy. Overview. Jason Marquardt Director of Sales American Capital

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Leasing vs. Buying

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Leasing vs buying

Leasing vs. Buying

Service Associate Member of Illinois ASBO


Overview

Introduction

Leasing Basics

Leasing Benefits

Leasing Programs

Leasing Process

Success Stories

When to Lease & When to Buy

Overview


Introduction of leasing presenter

Jason Marquardt

Director of Sales

American Capital

(630) 512 - 0066 x118

[email protected]

Introduction of Leasing Presenter


What is a lease

By definition, a lease is a contract by which one acquires equipment for a specified period of time for a specified rent paid to the lessor.

For Schools, a lease is a way to acquire and/or finance equipment without voter approval.

Leasing does not constitute public debt.

What is a lease?


What can be leased

What can be leased?

  • Computer Hardware

  • Software

  • Network Equipment

  • Printers & Copiers

  • Telephone Systems

  • And Much More!


What are the benefits

What are the benefits?

  • Conservation of Capital (100% Financing)

  • Consistent Budget

  • Avoid Technology Obsolescence

    • Minimizes break/fix time

    • Reduces user/teacher frustration

  • Lowest Cost of Funds

  • Disposal issues eliminated

  • Asset Management/Tracking


What type of lease programs are available

What type of leaseprograms are available?

  • Fair Market Value

  • Lowest Cost of Funds

  • Flexible end of lease options

  • Ideal in setting up an equipment replacement program

  • $1 Purchase Option

  • Often a tax-exempt lease

  • Fixed ownership at the end of the lease

  • Ideal for infrastructure or software projects.


Leasing process

Leasing Process

  • Obtain planning costs

  • Select equipment supplier & lessor

  • Board approval

  • Documentation

  • Equipment ordering & delivery

  • Acceptance and Lease Commencement


Success stories

Success Stories

  • Local K-12 School District

    • Challenge: Technology obsolescence and increasing technology staff costs

    • Solution: 3 year refresh program

    • Benefits: Less staff time spent on break-fix work. Students and Teachers no longer dealing with obsolete equipment.


Success stories1

Success Stories

  • Local K-12 School District

    • Challenge: Large technology acquisition needed on a limited budget

    • Solution: 5 year tax-exempt lease

    • Benefits: Low payments spread out over 5 years and structured to keep the technology budget level


When to lease when to buy

When to Lease & When to Buy

  • When to Lease

    • Desire consistent budget

    • Desire to conserve capital

    • Desire to maintain current technology

  • When to Buy

    • Desire to self manage technology refreshment cycle

    • Excess capital available to spend


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