Macrolease offers a variety of terms...

We pride ourselves in our ability to customize the program to fit your financial requirements. Plans usually range between 24 to 84 months, but shorter and longer terms may be provided subject to credit approval.

Program Types:

• Straight Payments - equal payments throughout the lease term
• Deferred Payments - first 3 months with NO Payments
• Graduated Payments - initial low payments followed by increased payments after a specific period of time
• Skip Payments - two or three payments are skipped at the same time each year
• One Dollar Purchase Option
• Ten Percent Purchase Option
• Fair Market Value Operating Lease
• Lease End Residual Lease
• Municipal Lease 

 Types of purchase options

• $1 Purchase Option – Also known as "capital" or "finance" leases. At the end of the lease term, title to the equipment is passed through to the customer (lessee). Because of the small purchase option, many accountants will depreciate the equipment and expense the interest similar to the method utilized in a bank financing. It is assumed that the lessee will own the equipment at the end of the lease term.
• 10% Purchase Option – At the end of the lease term, the lessee may purchase the equipment for 10% of the original purchase price. The lessee’s accountant determines whether to capitalize the equipment, similar to the $1.00 Purchase Option lease, or write-off the entire payment. Macrolease does not advise clients on accounting treatment; their accountants will determine which method to use.
  If the lessee does not purchase the equipment at the end of the term, the equipment is returned to Macrolease.
• Fair Market Value/Operating Lease – Also known as a true lease. At the end of the lease term, the lessee can purchase the equipment for its "Fair Market Value”. If a lease is in fact considered to be a true lease, the monthly payments can be expensed, in full, each month, as a rental. If the lessee elects not to purchase the equipment at the end of the lease term, the equipment is returned to Macrolease.  A Fair Market Value Purchase Option allows for “off balance sheet" financing inasmuch as it is considered a rental agreement.  If the lessee decides not to exercise the Purchase Option, Macrolease may offer to extend the rental payments for an additional period of time. The lessee then continues to make additional payments. An extension of the rental payments, as noted, may prove to be an expensive alternative for the lessee.
• Lease End Residual Lease - Lease is written with a pre-determined Lease End payment based on the equipment cost. Participating vendors agree to reimburse the lessee for this amount if the lessee decides to refresh the equipment with the same vendor at the end of the lease term.  This type of program provides the lowest possible lease payment and is an effective program for keeping state-of-the art cardio equipment in your facility.  
• Municipal Lease - Available for qualified state and local government agencies.  Utilizing a Municipal Lease allows customers to acquire the equipment they need while extending the cost over the equipment's useful life. 

Attention YMCAs

Macrolease has a unique leasing solution tailored for your organization. Click here for details.

Attention Universities

Macrolease is a proud to be an Associate Member of NIRSA. Please inquire about our special University Programs.