Frequently Asked Questions and Overheard Comments
"Why is Tektronix eQuip Finance better than another leasing company?"
Our financial products and rates are highly competitive, our programs are flexible to meet your specific needs and you are doing business with the industry leader. Tektronix truly values your business and is committed to providing solutions and partnering with you for future business.
"Can't I borrow from the bank at a lower rate?"
A lease is not a floating rate loan. You know from the start your exact obligation and the rate is fixed. We do not charge for such things as compensating balances, documentation fees and closing points - which drive up the true cost.
"An equipment purchase isn't in my budget this year."
Leasing can convert "capital outlays" into "low monthly payments" that can probably fit comfortably within your budget constraints.
"My CFO says no more capital equipment on the balance sheet."
Operating leases may offer the solution as the assets are not recorded on the balance sheet; only monthly rental payments are charged as an expense. Check with your tax accountant for classification guidelines.
"I'm not sure I want to own this equipment in three years."
Many customers worry about equipment obsolescence. Operating leases give you the lowest monthly payments. At the end of the lease, your options are to purchase the equipment, continue to lease or return it. PLUS, leasing from us provides the flexibility to upgrade to new technology.
"How can I save on taxes?"
Lease payments come from pre-tax dollars or current income, not profits. Tax structured leases may allow you to write off the equipment at a faster rate. Your accountant can give you specific guidelines.
"Who is responsible for the insurance, maintenance and the payment of property taxes?"
The lessee is responsible for maintaining the equipment and providing the proper insurance. The lessor will typically handle the filing of the personal property tax forms and bill the lessee for the payment.
"Why would I want an Operating lease as opposed to a Capital or Finance lease?"
Operating leases offer the lowest monthly payment and the entire payment amount can be deducted as a business expense.
"A Fair Market Value purchase option makes me uncomfortable. I'd like to know of other options."
We have financing programs that take the uncertainty out of the end-of-term purchase option by fixing that amount prior to the end of the lease. An example is a 10% Purchase Option lease. If you prefer outright ownership, the $1 Buyout or Capital lease transfers title to the equipment at the beginning of the lease term.
"Will you finance other equipment that I need to complete my project?"
Yes. Contact your Tektronix Account Manager for guidelines.
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