There’s Nothing Else Like It
"If it appreciates, buy it! If it depreciates, lease it!"
- John Paul Getty III
All too often, the discussion of acquiring or upgrading technology is focused narrowly on the systems, software and hardware itself. And only when the cost is presented does the attention turn to financing. But with First Star Capital, the decision can be made hand-in-hand – so you have the flexibility you need to ensure your technology meets your needs, without compromising your bottom line.
As a result, you’ll discover why more businesses are choosing to lease the technology they need. More importantly, you’ll see why they choose First Star Capital.
In the past decade, the rate of obsolescence has accelerated. Computer hardware and software now become outdated in months, instead of years. Even networked office equipment and peripherals can create an archaic feel to even the most innovative business. But not with First Star Capital’s Technology Rotation Lease.
It’s a well-known fact that companies that are interested in maintaining a progressive position in their markets refresh their desktop technology every two-to-three years. With our Technology Rotation Lease we are able to compete favorably with the manufacturers (Dell, HP, CDW, Tech Data, Apple, etc.) internal leasing options and provide the service mid-sized companies are looking for. Plus, you’ll discover the advantages of:
- Unique positioning allows us to compete with OEM financing – First Star Capital has established resources in the technology market which allows us to take a true residual position in the computer equipment. This is facilitated by our expertise in remarketing pre-owned computers.
- Flexible lease terms from 24- to 36-months leases – providing a true technology rotation that enables clients to benefit from the equipment during its most useful life. Then update as new technology becomes available.
- Customized lease pricing – Why settle for cookie cutter lease pricing on equipment that’s worth more? To give you the most competitive lease payments available, First Star Capital assigns residual values to the equipment that reflects the differences that different computer configurations represent.
Computer disposal has increasingly become a hot topic with more and more businesses these days. In the past it was common for organizations to dispose of their hardware internally, often giving or selling the computers to their employees. The problem now is that those used computers- still linked to the original organization-are starting to show up in landfills (EPA violation).
With our Technology Rotation Lease, we have taken the burden of computer disposal out of the picture. TRL is designed for organizations that need to upgrade their computer hardware (desktops, laptops, monitors, servers) every 12 – 36 months. Whether they are power users or they have simply determined it is more cost effective to keep their hardware current, the program revolves around their changing needs.
Who applies:
- Companies who are on the cutting edge and need to stay ahead of the obsolescence curve.
- Organizations whose hardware demands revolve around their software needs / upgrades
- Companies who choose to match hardware life expectancy to manufacturers warranties
A couple of existing client examples are listed below.
Federal Credit Union
A federal credit union, operating in four states required special reporting and more than a “voice” on the other end of the phone. First Star has been a face in a numbers industry.
Plagued by the continuous obsolescence of its hardware that was being caused by software upgrades, a regional Federal Credit Union turned to First Star for a leasing solution that would accommodate its needs. The Technology Rotation Lease allowed them to address both their technology and financial needs. “First Star has provided us the flexibility we need. The ability to turn in equipment and occasionally purchase equipment has been a big benefit. Past experiences with other lessors provided us no flexibility.”
Local Bank
A local bank needed to rotate desktops every two years and servers every three years. The terms of their lease needed to include the servers as part of an operating lease and also provide special asset level billing for accounting purposes. They selected First Star over the captive programs because of First Star’s ability to meet their needs as well as provide a fair monthly payment.
Please contact your account manager for more details. |
