Ordering Info

Financing
Event Equipment
Gift Ideas
Educational Mat.

Grips\Accessories
Wrist Spprts\Braces

PowerTrac
MiniTramps\Tramps

Tumbling Mats
Landing Mats
Training Mats
Landing Pits
Cheerleading
SkillShapes
Exercise Mats
Action Trainers

Floor Systems
Tumbling Strips

Balance Beam
Uneven Bars
Vault
Pommel Horse
Rings
Parallel Bars
Horizontal Bar

Parts
Gymnasium Equip
Ropes & Climbing
Bleachers

Home

 
FOR GYMNASTICS & ATHLETIC EQUIPMENT
We sell most major brands of equipment
and a wide selection of used equipment
Call 1-800-877-5294
Click here for a printable Credit Application - FAX back to UAI at 1-636-225-0757
Use the chart below to determine what your monthly payment might be for the time and dollar amount specified
LENGTH OF FINANCING

AMOUNT

1 Year

2 Years

3 Years

4 Years

5 Years

$5,000

$469

$251

$181

$145

$125

$10,000

$939

$502

$362

$291

$250

$20,000

$1,845

$985

$700

$556

$470

$30,000

$2,635

$1,410

$1,000

$800

$675

$40,000

$3,515

$1,875

$1,330

$1,060

$900

$50,000

$4,310

$2,300

$1,630

$1,300

$1,100

$70,000

$6,030

$3,220

$2,285

$1,820

$1,545

$90,000

$7,675

$4,100

$2,910

$2,320

$1,970

$100,000

$8,530

$4,550

$3,230

$2,575

$2,190

$150,000

$12,800

$6,830

$4,850

$3,865

$3,280

$250,000

$21,325

$11,380

$8,080

$6,440

$5,465

HIGHER

CALL

CALL

CALL

CALL

CALL

BENEFITS OF LEASING

If you've ever had to acquire new equipment, you know that purchasing is the most common method.  You can pay cash outright or finance it through a bank loan.  Or you could benefit through the advantages of another option; lease financing.  Just about any equipment essential to your business can be leased.  Which choice is best for you?

  Lease Financing Cash Purchase Bank Loan
Can I acquire equipment without a substantial cash outlay? YES No No, most banks require a large down payment
Can I upgrade or add equipment without difficulty? YES No No, most banks require the customer to re-apply for another loan.
Can I match my payment to my cash flow? YES No No, the bank usually dictates the payment
Can I avoid affecting my bank line of credit? YES Not Applicable No, in fact they will be affecting it a great deal.
Can I deduct* all or most of the monthly payment from my taxable income? YES Not Applicable No


* Check with your tax consultant for details.

Lease financing allows you to design a plan and payment schedule based on your budget requirements and may allow for off-balance sheet financing.  You simply make monthly payments - at the end of the lease you have the choice of purchasing the equipment, returning it, or extending the terms of the lease.

 
Frequently Asked Questions About Leasing

Why lease?
There are a number of advantages that make leasing an attractive option for many firms.  These include the fact that leasing offers fixed regular payments, provides financing for 100% of the equipment cost, allows businesses to pay for equipment as it is used to generate income, conserves both working capital and lines of bank credit, and may offer certain tax advantages.

Who can lease?
Any company, organization or association.  The leasing company cannot lease equipment to an individual for personal use.

Who owns the leased equipment?
The leasing company, as the lessor, is the owner.

What is the process for leasing equipment?
The leasing company reviews the credit information supplied on the lease application.  Upon approval, the lease agreement is prepared by the equipment dealer, the lessee, or the leasing company.  When the equipment is delivered, the leasing company pays the dealer and begins billing the lessee for the agreed upon lease payments.

How does the lessee account for the lease?
The lessee's accountant should determine the best tax treatment for his client.

How are lease payments determined?
The monthly payment is based on the term of the lease, cost of the equipment, and the type of leasing plan the lessee chooses.  The initial term of a lease runs from 12 to 60 months.

What factors are used to determine credit worthiness?
Type of business, length of time in business, financial condition, references from financial institutions, and D&B of other credit bureau ratings.

Can the lease be canceled?
Usually, no, but equipment can be traded-in for new leased equipment before the expiration of the initial term.  The leasing company also offers a special rate for those requiring a "buy out" option during the term of the lease.

Can equipment be purchased at the end of the lease?
Yes.  The lessee has the option of continuing to lease, purchasing the equipment, or returning it to the leasing company.  At lease-end, the leasing company will also offer to finance the purchase price of the equipment for the lessee's convenience.

What about sales and use tax?
The leasing company will invoice the lessee for the appropriate tax.

Who should sign the lease?
The lease should be signed by an authorized officer of a corporation, by one of the partners of a partnership, or by the owner of a sole proprietorship.

Who services of maintains the equipment?
The lessee is responsible for maintenance and receives the benefits of all "buyer" warranties.

What about insurance?
For the protection of both the leasing company, as owners of the equipment, and of the lessees, who need the equipment for their business operation, the leasing company requires that the equipment be insured.  Insurance is available through the leasing company, or can be provided by the lessee's insurance company.

What effect does leasing have on the lessee's bank line of credit?
Established bank lines are unaffected and can be better maintained for day-to-day working capital needs.


Send credit related questions to: credit@unitedathletic.com