Why not lease your new security system
What’s the right lease for you?
Does your company have a point of view on leasing versus the outright purchase of capital equipment?
Have you considered how redundant technology might compromise the integrity of your current security system?
Does the affordability of certain security system technology influence the type of security solution you end up with?
SSE Installations recognises that many organisations struggle with these and other questions when it comes to choosing the right security solution. That’s why SSE Installations provides its customers not only with the appropriate security solution but also with a range of options that address the cost of that solution. For example, we can offer the option of taking out an operating lease with SSE Installations to reduce the capital expense involved with your company’s security needs.
Leasing programs can be tailored to your individual needs and include Comprehensive Maintenance which provides equipment warranty over the life of the agreement. This leaves you with ongoing support to assist you in the operation of your security system, for the life of your system. And because SSE Installations specialise in electronic security systems, our customers will always have access to the most advanced equipment on the market.
Frequently Asked Questions
Q. Why should I lease?
A. Keep Debt off the Balance Sheet.
Generally accepted accounting principals allow lessees to acquire assets without the accompanying debt appearing on their balance sheet.
- Minimal down payment required.
Most traditional financing options require a sizeable down payment. SSE Installations has reduced the price of electronic security dramatically by replacing high, up front purchase costs with a minimal down payment amount followed by low monthly payments. Leases can also include “Low” costs like installation and maintenance packages.
When equipment is purchased with borrowed funds, credit lines with lenders are reduced. When equipment is leased, businesses have, in fact, established additional lines of credit with the lessor.
- Improve your profitability and liquidity.
When a company purchases equipment, it must capitalise the equipment on its balance sheet by showing it as an asset, along with a corresponding liability for any loans used to finance the equipment’s purchase. This alters various financial ratios e.g. Debt/Equity. However, if a lease is classified as an operating lease for the lessee’s financial reporting purposes, it is not required to be capitalised in the financial statements. Furthermore, the only expense appearing on the lessee’s income statement attributable to the lease would be the full lease amount of the payment.
Q. What should I do if I have problems with the equipment that I lease?
A. SSE Installations is solely responsible for service or warranty issues and we will support your equipment over the term of the lease. Leasing agreements come with Comprehensive Maintenance for the duration of your contract.
Q. What is Comprehensive Maintenance?
A. As part of your leasing agreement, you will receive added value with the inclusion of Comprehensive Maintenance on all system repairs (including parts and labour) for the duration of your contract. Some conditions apply, please ask your SSE Installations Consultant for further detail on these conditions and how a Service and Maintenance plan can minimise the risk to your property and assets.
Q. What happens at the end of my operating lease agreement?
A. At the end of the term you have the flexibility to:
Refurbish the existing equipment with new equipment under a new agreement, Continue with the operating lease, Offer to buy the equipment at “market value”.
Q. Can I cancel the agreement?
A. An operating lease is a fixed term contract, if you cancel, you must pay out the balance of the agreement.
Contact SSE Installations on 02 8001 6654 and we will look after you leasing needs