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|| SportsShooter.com: Member Message Board
Leasing - No, Yes and if so, WIth Whom
Tim Cowie, Photographer
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Davidson | NC | USA | Posted: 12:52 PM on 08.18.11 |
->> Need to expand on some big glass specifically. Have rented and had great success. Can't say enough about BorrowLenses.com. Not here to debate rental houses and for that matter renting versus leasing. Needing the glass enough that renting doesn't make sense anymore.
So, after looking through previous threads, I couldn't come up with anything that provided much information.
My question, if you have leased equipment before, would you do it again and did it make sense. If you had a positive experience, what companies would you recommend.
Any help would be appreciated. |
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Fred Greaves, Photographer
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San Diego | CA | USA | Posted: 10:16 PM on 08.19.11 |
->> I have leased a couple of times for long glass that allowed a buyout at the end. The rates are negotiable (no matter what the leasing agent says, it can be negotiated down) and make sure you read the fine print on any lease. Don't look at just the payment, but what interest rate are you being charged? There can also be a lot of "title transfer fees" and other somewhat crafty hidden charges that can pop up as well at the end of the lease.
A lease made sense for me business-wise, but I would suggest talking to your accountant to make sure it is the best bet for you.
Another think to make sure of is that it is a closed term lease. That means that at the end of 24 or 36 months or whatever term you choose, that you will be able to pay it off and pay the buyout to get the lens and be done with it.
I had a bad experience with a business lease that originated with Firstcorp (who then sold the lease to a company called FPC Funding) who tried to automatically renew my lease for another 6 months at the end of the 24 month term. They backed down and I paid the buyout as specified in the contract (ALWAYS READ AND SAVE THE CONTRACT!!), but there are a number of companies that use some shady tactics including trying to get you to pay an extra 6 months or year on your lease because you did not inform that you wanted to pay it off by mailing them a letter between 90-100 days before the lease ends, etc. . If I lease in the future, I will be staying from Firstcorp and FPC Funding. |
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Michael Durisseau, Photographer, Assistant
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Santa Fe/Houston | TX | USA | Posted: 12:16 AM on 08.22.11 |
->> We're leasing a couple of lenses...our agent has been tremendous over the past 4 years. She was formerly with FirstCorp, who sold off our lease to a couple of other companies who were poor in record keeping, causing us some anxious moments. We did the lease with the $1 buyout, which we exercised.
PM me, and I can give you the info about our agent. |
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Michael Durisseau, Photographer, Assistant
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Santa Fe/Houston | TX | USA | Posted: 12:16 AM on 08.22.11 |
| ->> Additionally, this is the second lease we've done with this agent. |
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