Financing Program

To obtain a list of approved leasing agencies and an application form, please contact us.

Four Reasons to Lease the Pegasus Therapy Laser:

1. Free Up Cash
   
   Leasing provides 100% financing - including items such as shipping, installation, software, and training. There is no need to tie up valuable working capital - making it available for more profitable opportunities such as adding sales personnel, increasing marketing or taking advantage of quantity discounts. A good general rule is to invest Cash and Working Capital on things that Appreciate (i.e. sales people, real estate) and to Lease items that Depreciate (i.e. equipment). Just as you would never pay an employee their full annual salary in advance, leasing allows you to pay-as-you-earn.
    
2. Take Advantage of Better Terms
   
   In contrast to bank loans, leases do not require substantial down payments or compensating balances, do not have floating interest rates or restrictive covenants, and can usually be structured for lower payments. Bank loans will typically allow for the note to be arbitrarily called and/or require a cross collateralization of business and personal assets.
    
3. Preserve Bank Lines
   
   Bank lines are typically designed for short term cash needs and should be preserved for that purpose. Leasing is an additional line of credit, expanding your financial resources.
    
4. Save on Taxes
   
   Lease payments can be set up as a direct operating expense, paid from pre-tax dollars versus after-tax profits.

IRS Section 179.
Under IRS Section 179, equipment purchases can be expensed (deducted from taxable income) if installed by December 31st. Finance leases ($1.00 buyout) qualify for this deduction in their year of inception. The maximum dollar amount of equipment you can purchase in 2006 is $430,000 before the write-off is reduced dollar for dollar for purchases in excess of $430,000. This deduction is effective for purchases in the tax years that began in 2006. For any remaining amount above the $108,000 allowance, you are entitled to take the first year depreciation. 20% First Year Depreciation taken after Section 179 under the IRC (MACRS, 5-Year life, 200% declining balance, half-year convention) for the first year depreciation, 20% may be deducted the first year the equipment is placed in service. The total cost of property that may be expensed for any tax year cannot exceed the total amount of taxable income (determined after application of the investment limitation) derived from the active conduct of any trade or business during the tax year. Costs disallowed under this rule may be carried forward an unlimited number of years subject to the ceiling amount for each year.

No Rendering of Advice: Contact your tax advisor for specific information regarding IRS Section 179 and all accounting procedures.. The information contained on this page is provided for informational purposes only and should not be construed as rendering financial, tax, accounting, auditing, legal, consulting, investment or other professional advice of any kind.
 

Frequently Asked Questions

Can the lease be canceled or upgraded?

The lease is non-cancelable, but the equipment can be traded in for new equipment before the expiration of the initial term.

What about insurance?

The lease does require that the equipment be insured. Insurance can be provided by your own insurance company.

What lease plans are available?

Standard Lease Plans:

1. Fair Market Value Lease
2. 10% Lease
3. $1 Buyout at end of Lease
4. Flexible terms from 12-60 months

Flexible Payment Plans:

1. $99 for the first 6 months: Requires only $198 to start
2. 90 Day Deferral: Offers payments of only $25 for the first three months
3. Seasonally Varied: Matches payment plans to a business’ uneven cash flow
4. “0% Interest” for 24 Months (restricted to specific equipment)

Lease Applications

Please contact us for a list of approved leasing agencies and lease application form.

Lease Application Process

1. Fill out the Lease Application completely.
2. Complete applications are usually processed within the same day.
3. Once the approval is offered, documents are immediately available and the Leasing Company will call and walk you through the paperwork.
4. All documentation should be signed and faxed with originals placed in the overnight mail.
5. Upon approval & receipt of executed contracts, the Leasing Company will advise the manufacturer and your laser therapy equipment will be on its way.
6. The lease commences when you actually receive and accept the equipment