NASPO Summary Leasing-Rental Programs 8-2021.pdf
PDF 46 KB Posted
- Contract number
- 505ENT-O22-NASPOMAILEQ-00
- Issued by
- Wisconsin
About this file
This document outlines leasing and rental programs offered by Pitney Bowes Global Financial Services under NASPO ValuePoint solicitation BPM003137. The programs are available to city and state agencies, including public school districts, municipal hospitals, and police and fire departments, with special restrictions that only Options A and C may be used for DI2000 equipment and Lockers.
The contract offers three financing options with terms of 24, 36, 48, or 60 months: Option A (Lease to Own) exclusively for tax-exempt state and local agencies with lower rates and immediate title transfer; Option B (Fair Market Value Rental) with 90-day cancellation convenience and quarterly termination charges; and Option C (Fair Market Value Lease) with end-of-term purchase options. Monthly lease rates are provided based on $10,000 equipment pricing, ranging from approximately $221-$488 depending on term length and option selected. The document also includes special coterminous lease rates for existing customers adding accessories, with rates varying from 0.0225 to 0.0931 per dollar depending on remaining lease term and financing option. A specific restriction applies to DM Infinity meters, which cannot extend lease terms beyond June 30, 2024.
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SUMMARY OF LEASING/RENTAL PROGRAMS UNDER SOLICITATION # BPM003137
Pitney Bowes Global Financial Services offers a variety of equipment leasing and lease/rental programs to enable your agency to acquire the equipment it needs with the innovative financing solution that works best for you. Notwithstanding the foregoing, Only Options A and C below may be used for the DI2000 and Lockers.
LEASE TO OWN - Option A This program provides a 24, 36, 48 or 60 Month Lease and is available only to city and state agencies, such as public school districts, municipal hospitals, police and fire departments.
Due to the tax exempt status of the Lessee, rates are much lower than standard Fair Market Value Lease rates. Title to the Equipment passes up front and at the end of the lease term, lessee owns the equipment (excluding meter). (Non-profits, private universities & schools and non-State or Local agencies are excluded from this program). Sales & Purchase Tax will be charged, if required under Your State Statute.
FAIR MARKET VALUE Rental - Option B This program provides you with 24, 36, 48 or 60 Month Rental. At the end of the rental period, you may purchase the equipment at the end of the Rental for its then Fair Market Value, or you can enter into a new Rental term or return the equipment. This includes cancellation for convenience with a termination charge of 90 day notice of cancellation and pay one quarterly payment. Sales & Purchase Tax will be charged, if required under Your State Statute.
FAIR MARKET VALUE LEASE - Option C This program provides you with a 24, 36, 48 or 60 Month lease term with the option to purchase the equipment at the end of the lease for its then Fair Market Value or you can enter into a new Lease, or return the equipment. Sales & Purchase Tax will be charged, if required under Your State Statute.
Example of lease/rental payments based on a $10,000.00 equipment price:
SPECIAL COTERMINOUS LEASE RATES
Pitney Bowes can offer to our current leasing customers the opportunity to enter into a "coterminous lease" for the purposes of acquiring additional accessories and solutions for their current equipment.
The term of the lease will be consistent with the number of months remaining on the lease contract for the existing equipment. For example, a customer with 18 months remaining on a lease will be offered an 18 month lease for additional accessories or solutions. Invoices will show two separate line items reflecting the current machine lease and the new coterminous lease. The coterminous lease will be subject to the same terms and conditions as the original lease. Below are the monthly co-terminus lease rates for NASPO ValuePoint BPB003137 Financing Option A, Option B, and Option C. Please note that in no event shall the lease term for a DM Infinity meter go beyond 6/30/2024.
File details come from the government source that posted it. Updated .