Choose your lease, your terms, your payment…
At Sherman & Co, we serve the needs of businesses in all kinds of industries, with all types of equipment and software needs. That’s why we offer not just one leasing solution, but many. Terms range from 24 to 60 months, with a selection of end-of-lease options. We offer three types of leases:
| Sherman Lease | Recommended for | Offers these business benefits | With these end-of-term buyout and purchase options |
| Fair Market Value* |
• Businesses that update technologies frequently • Businesses that prefer not to utilize existing credit lines • Businesses that want off-balance-sheet financing |
• Lowest monthly payments of any option • No risk of retaining obsolete equipment • Payments may be tax deductible** |
• Return equipment at end of lease; purchase leased items at fair market value; or continue to lease equipment on a month-to-month basis |
| $1 Purchase Option |
• Businesses that wish to own leased items at the end of the lease • Business that prefer fixed, predictable payments for accurate budgeting |
• Depreciation benefits and interest may be tax deductible** • Offers hedge against interest-rate hikes |
• Purchase equipment at end of lease for $1 |
| 10% Purchase Upon Termination (PUT) |
• Businesses that wish to own the equipment at the end of the lease • Businesses that want to lock in a fixed interest rate for the term of the lease |
• Lower payment than $1 purchase option • Depreciation benefits and interest may be tax deductible** |
• Purchase equipment upon end of lease at 10% of original purchase cost |
| * | Available on most types of equipment and software leases. |
| ** | For details, please consult your tax advisor. |
For more information or assistance, e-mail us or call us toll free at 1-440-781-3189.