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ThotBox Leasing Services offers a full line of equipment to lease, assisting your business with Computer, Network and Services demands. We can help you update or upgrade from your existing hardware to the latest technology and solutions by offering leasing options. With our trade-in program, we’ll help you manage your technology investment throughout the equipment lifecycle. Our goal is to equip your business with computing, printing and network storage technologies that give you flexible payment options.
If you would like more information about this program please contact our General Manager or call 866.ThotBox, ext. 801.
LEASING 101
How leasing works
A lease is a simple and economical way to obtain the benefits of the latest technology without assuming the up-front costs and risks of ownership. Simply defined, a lease is a usage agreement between an equipment owner (the lessor) and a user of that equipment (you, the lessee). The lessee pays a periodic fee, usually monthly, to the lessor for the use of the equipment. Leases most often take the form of written contracts with specific terms and conditions spelled out: length of term, amount and timing of payments, and any end-of-lease conditions or restrictions.
The lessor is usually viewed as the owner of the equipment during the lease term, but depending on the type of lease you select either you or the lessor may be able to claim the benefits of ownership for tax purposes.
Regardless of which type of lease you choose, the future expected value of the equipment (the residual value) is considered when pricing most types of leases. The residual value is the lessor’s estimate today of the equipment’s value when the lease term ends.
At the end of your lease term, you'll have the following alternatives (depending on the type of lease you select):
Return the equipment, and, if you’d like, sign a new lease for the most current, updated equipment;
Exercise a purchase option and buy the equipment;
Renew or extend the lease.
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What is a lease?
In simple terms, a lease is a contractual arrangement between the lessee (the customer) and the lessor (ThotBox via AmeriCorp Financial). We purchase the equipment from the supplier of your choice and lease it to you for a fixed, regular payment. Generally, there are two different types of leases: a true lease and a finance lease. A true lease is TKTKTK, while a finance lease is TKTKTK.
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Can I cancel a lease agreement?
No. However, ThotBox Financial Services will work closely with customers to ensure their needs are met with flexible early buy-out, add-on, or upgrade options.
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When do payments start?
Typically, regular lease payments start 30 days after the lease documentation is completed. To meet the unique needs of larger customers, we can tailor invoice formats and payment schedules.
Can I upgrade or add-on to my leased equipment?
In most cases, yes. This is one of the key benefits of leasing through Thotbox. Our goal is to provide the Thotbox solution you need, when you need it.
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Can the leased equipment be moved?
Yes, with written notice.
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