Sentinel Museum Storage Solutions from Tiffin Metal Products is introducing a leasing program that will let you ”lease to own” your entire supply of storage cabinets. Imagine acquiring your needed cabinets without having to budget the entire cost in a single year.
There are many benefits of a lease to own agreement. You are able to acquire your cabinets with no down payment, and at the end of the lease term, you own the cabinets. This increases your museum’s productivity because leasing to own allows you access to new cabinets while preserving valuable capital for other growth needs.
Some of the potential benefits of a lease to own programs are:
No Down Payment
A lease to own program provides 100% financing with no down payment. This conserves capital and frees up cash for other projects. In addition to the actual cabinets, other soft costs like delivery charges, sales taxes, and installation can be rolled into the lease to own option.
Conserving Cash Flow
Cabinets can be acquired at a fixed rate for a fixed period of time, which helps make budgeting and cash flow projections more accurate. With a lease to own program, lines of credit and cash reserves remain free and liquid to meet other working capital needs. This type of financing has no impact on credit ratings.
Potential Tax Savings
There can be significant tax benefits when compared to buying equipment. With a capital lease, the lessee can depreciate the asset and deduct the interest portion of the payment. Consult with a tax advisor for more details on the potential tax benefits of leasing to own.
For more information on the Tiffin Metal Products leasing program, please contact Linda Gottfried at 800.537.0983