Canon Launches Joint Canon / Milestone Financing

By Brian Karas, Published Mar 31, 2016, 04:33pm EDT

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 *******

***** **** ** ***** for ***** ** ********* products ** ***********:

  • *.**% ********* ** ** month *****
  • *% **** ** $*** or ****
  • *% **** ** $**** or ****
  • *% **** ** $**** or ****

Canon ******** ***** ******

*** ****** *** **** through ***** ********* ********, * ********** **** Canon *** *** *** many *****.

***** ** * *****-******* dollar ******* **** *** the ********* ** ***** things **** *********/******* **** other ******** ************* *** not ***** ** ******.

*** **** ****** ******** for *********** ******* *** lease ******* ** ** go ** ** ******* option ****** *******.  

*****'* ***** ******* ****** be ****** *** ***********, as *** ****** ******* will ** **** ******** with ********* ****** *** market ********** **** * general ******* ********* **** GE ******* *****.

Axis *********?

******* ****** **** **** offer ** *****'* ***** video ******** *******, ****.

********** ***** ************ ** Milestone *** ****, ***** has******* **** *** ********* would ** *********** ***********.

**** ***** ***** ** appear **** **** ** **** "separate" **** *********.

Restrictive ** ***********, *********** ** *** *****?

**** *** ********* **** commonly **-**** ****** ***** ************ by *****, **** **** integrators ******** **** ******** to ****** * ******** sale.

**** ***** ******* **** offer ** ***** ** their *********** **** *** causing **** ***-**** ******** to *********** ******** ******* Canon ******* ***** **** might *** **** ********** in ***** ** ******* for ***** ** ****** terms.

**** ***** ***** *********** to ***** ********* **** from ** **** ****** to * ***** ***.

3.99% **** ** ******* ** ****

***** ********** **** ** a "***" ****, *** a ****** ** ******** ********* ***** ***** ***** **** ***** ***** 4.00% *** *** **** hard ** ****.

**** ******* *** ** attractive ** *********** **** need **** ********* ********** in ***** ** ****** a ***** *******, ** that **** ** **** the ******* ***** ******* to ***** ********.

[******/**********]

*** **** ******** ***** listed ***** ******, *** interest *****.  *** *.**% rate ** ****** **** average, ***** ******* ******** equipment ****** ***** ****** fall ** *** *-*% range *** * ** month ****.  

Rebate ******* **** **********

*** ***** ******* *** not ** ********** ** applicable *** *** ***********, but *** ****** ******* could *** **.  *% back ** $***,*** ***** of ******** ****** ** $9000, ** ********** ****** to **** ***********.

Comments (6)

Undisclosed Integrator #1

03/31/16 09:43pm

Well that just went against the " Milestone Canon firewall"..

Avatar

Mark Jones

05/22/16 01:43pm

Interesting 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.

John Honovich

IPVM | In reply to Mark Jones | 05/22/16 01:55pm

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.

Mark, can you clarify? When you say 3-5 times greater, you mean 12-15% interest rate?

Avatar

Mark Jones

05/22/16 02:16pm

Yes. 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.

Avatar

Brian Karas

IPVM | In reply to Mark Jones | 05/23/16 03:04pm

Mark -

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.

Avatar

Mark Jones

05/23/16 03:09pm

Thanks Brian. I appreciate it.

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