2-Attachment 12_Lease Progarm_Balboa Lease Document Example.xls

This file is a lease quotation document and financing application form provided by Balboa Capital, a lease financing company, in connection with an Arizona Department of Administration procurement for Global Navigation Satellite System (GNSS) Receivers and Related Equipment. The document serves as an example lease financing option for equipment purchases, featuring two primary quotation templates: a Standard ExcelQuote Lease for equipment purchases up to $250,000 with lease terms ranging from 12 to 60 months, and a 90-Day Deferred Lease option for equipment purchases up to $350,000 that includes a three-month payment deferral period. The lease quotations provided demonstrate monthly payment structures for a $50,000 equipment purchase ranging from $4,419 (12-month term with $1 buyout) to $947 (60-month term with Fair Market Value buyout), with alternative 10% and Full Market Value purchase options available. The document includes a financing application form requesting detailed information about the applicant business, equipment specifications, down payments, and credit references, with a finance application deadline of June 30, 2025.

The lease financing structure presented allows lessees to claim ownership benefits for Internal Revenue Service purposes, contingent upon credit approval and applicable documentation fees. Interest rates vary based on equipment cost and lease term length, ranging from approximately 8.17% to 18.42% depending on the purchase price and financing duration. A tax calculator tool is included to estimate potential tax savings through Section 179 write-offs, bonus depreciation, and standard depreciation, demonstrating how a $50,000 equipment purchase could yield $17,500 in tax savings at a 35% tax bracket. The document emphasizes that all rates are subject to change without notice, applications are subject to credit review and approval, and financing complies with the USA Patriot Act Section 326 requirements. Contact information for lease financing representatives Bob Shafer, Bill Stull, and robertjs@balboacapital.com is provided for additional inquiries, with the Standard ExcelQuote expiring June 30, 2025, and the 90-Day Deferred Lease quotations expired as of June 30, 2010.