Well that just went against the " Milestone Canon firewall"..
Canon Launches Joint Canon / Milestone Financing
Published Mar 31, 2016 20:33 PM
The "completely separate" companies of Canon and Milestone have a great promotion for you.
Get low financing terms and possible rebates on any Canon or Milestone sales in Q2 2016.
Inside this note, we examine the joint offer Canon has released.
Offer *******
***** **** ** ***** *** ***** or ********* ******** ** ***********:
- *.**% ********* ** ** ***** *****
- *% **** ** $*** ** ****
- *% **** ** $**** ** ****
- *% **** ** $**** ** ****
Canon ******** ***** ******
*** ****** *** **** ******* ***** ********* ********, * ********** **** ***** *** had *** **** *****.
***** ** * *****-******* ****** ******* that *** *** ********* ** ***** things **** *********/******* **** ***** ******** manufacturers *** *** ***** ** ******.
*** **** ****** ******** *** *********** looking *** ***** ******* ** ** go ** ** ******* ****** ****** *******.
*****'* ***** ******* ****** ** ****** for ***********, ** *** ****** ******* will ** **** ******** **** ********* values *** ****** ********** **** * general ******* ********* **** ** ******* might.
Axis *********?
******* ****** **** **** ***** ** Canon's ***** ***** ******** *******, ****.
********** ***** ************ ** ********* *** Axis, ***** ********** **** *** ********* ***** ** separate*** ***********.
**** ***** ***** ** ****** **** Axis ** **** "********" **** *********.
Restrictive ** ***********, *********** ** *** *****?
**** *** ********* **** ******** **-**** ****** their ************ ** *****, **** **** integrators ******** **** ******** ** ****** a ******** ****.
**** ***** ******* **** ***** ** front ** ***** *********** **** *** causing **** ***-**** ******** ** *********** consider ******* ***** ******* ***** **** might *** **** ********** ** ***** to ******* *** ***** ** ****** terms.
**** ***** ***** *********** ** ***** customers **** **** ** **** ****** to * ***** ***.
3.99% **** ** ******* ** ****
***** ********** **** ** * "***" rate, *** * ****** ** ******** ********* ***** ***** ***** **** ***** ***** *.**% *** not **** **** ** ****.
**** ******* *** ** ********** ** integrators **** **** **** ********* ********** in ***** ** ****** * ***** project, ** **** **** ** **** the ******* ***** ******* ** ***** customer.
[******/**********]
*** **** ******** ***** ****** ***** factor, *** ******** *****. *** *.**% rate ** ****** **** *******, ***** typical ******** ********* ****** ***** ****** fall ** *** *-*% ***** *** a ** ***** ****.
Rebate ******* **** **********
*** ***** ******* *** *** ** attractive ** ********** *** *** ***********, but *** ****** ******* ***** *** up. *% **** ** $***,*** ***** of ******** ****** ** $****, ** attractive ****** ** **** ***********.
Comments (6)
UI
Undisclosed Integrator #1
Mar 31, 2016
Mark Jones
May 22, 2016Interesting and thank you IPVM. 4% is in fact below the norm. Most of the rates I have seen and negotiated are at least 3-5 time greater than that.
Worth taking another look at after some years have passed.
JH
John Honovich
May 22, 20164% is in fact below the norm. Most of the rates I have seen and negotiated are at least 3-5 time greater than that.
Mark, can you clarify? When you say 3-5 times greater, you mean 12-15% interest rate?
Mark Jones
May 22, 2016Yes. A well known underwriter for security equipment leases has confirmed with me within the last year, on two different occasions that their rate is 15-20%, with 21 being their target.
Brian Karas
May 23, 2016Mark -
Not sure who you are referring to, but I have a contact at another leasing company that I've known for while and have spoken with several times over the years.
I got an update this morning on latest rates, and it basically comes down to:
Deals $30K-$60K ~9-12%
Deals $60K-$100K ~7-8%
Deals $100K+ ~6-7%
Deals $300K+ ~5.5-6%
Even a $2000 lease (and yes, they'll go that low) was only "low to mid teens" as he quoted it.
Rates are affected by term, they'll do 12-60 mo. terms, and all deals are non-recourse to the dealer by default (so you still get paid even if the customer defaults).
There is a $125 doc fee, and they look for first and last payment up front.
They do a lot of business with security companies/equipment.
Let me know if you'd like contact info.
Mark Jones
May 23, 2016Thanks Brian. I appreciate it.