Kamloops Computer Centre offers Leasing options as well as Employee Purchase Pricing for our customers convenience.

Common Questions About Leasing

What is Leasing?

Leasing is simply an alternative type of financing. The customer has full access and use of the equipment, but not actual ownership. Often, if required, the customer has the option to purchase at the end of the lease term for either a predetermined amount, or fair market value. (Approximately 10% of original equipment cost)

What are the benefits of Leasing?

Some of the benefits are as follows:

• No large outlay of capital to obtain equipment.
• You can secure all of the equipment that you require now, and put it to work earning revenues, rather than putting acquisition off until your budget allows purchase.
• Leasing generally provides a faster tax write off than a cash purchase.
• Lease payments and terms can be tailored to meet the tightest budgets.
• Leasing keeps your bank lines open for operating expenses, rather than investment in depreciating assets.

What types of Leases are available?

There are two basic types of leases available, and they can benefit both corporate customers and individuals alike.

Personal Lease

Lease to own in which the Lessee makes payments for the term of the lease. At expiry of the lease, title of equipment passes to the Lessee for $10.00.

Business Lease

Lessee makes payments for the term of the lease. At expiry, Lessee may: Purchase the equipment for fair market value (approximately 10% of original equipment cost); renew the lease; upgrade the equipment, or return the equipment.

How do I apply for a Lease?

It's easy. Simply complete an appropriate credit application (either Business or Personal) with one of our Sales Consultants. After the required credit inquiries have been completed, an approval will be issued. The lease documents will be prepared, and signed by yourself when the equipment is delivered.

Do I require a down payment?

No. Generally, all that is required to initiate a lease agreement is first payment and last payment in advance. In special circumstances, a larger deposit may be required. In any case, the customer has the option of putting money down in order to reduce the lease payments.

How do I pay for my Lease?

Your monthly lease payments will be taken via Pre-Authorized Payment Plan (PAPP) from your choice of financial institutions.

What are my options during my Lease?

At any time during the lease term, you may buy out your lease or trade up your equipment. As the lease is an agreement for a fixed term of use, the equipment cannot be returned (other than for trade up).

What happens at the end of the Lease term?

Depending on what type of lease you have (Business or Personal), you will either own the equipment or have various options at expiry.

What are the different Lease terms available?

Lease terms are anywhere from 12 to 48 months, depending on what type of lease payment you require. Please contact our sales department for more information.