How to get financing options for buying LED Screens
When it comes to acquiring LED displays for churches or businesses, the cost can often be a major obstacle. However, there are several financing options for buying LED screens to help organizations acquire this technology without major financial complications.
These can range from equipment purchase agreements to leases with the possibility of purchase through low monthly payments.
By resorting to these plans, churches and businesses can bet on their branding projects and offer the benefits that LED screens can bring to the public, without compromising their budgets.
This guide explores the different financing options available and provides tips on how to choose the best plan to suit your organization’s needs.
Advantages, kinds, and LED panel financing criteria
Financing companies like Hampton Ridge Financial offer solutions that can help you produce revenue immediately, whether you’re looking for financing to take your business to the next level or provide church congregations with the best services and ceremonies using state-of-the-art technology like LED screens.
- Using the plans available, you can purchase the LED screen you want while making affordable monthly payments.
- In addition, they have the alternative of leasing, fully deductible as operating expenses, which allows you to greatly reduce your tax obligations.
- A financing plan allows you to obtain the necessary equipment without jeopardizing your creditworthiness.
- It should be noted that the approval procedure is quick and simple, using a one-page online application, where you can choose the term that best suits your possibilities and obtain a response within a few days.
- Compared to bank loans, leasing plans have minimal upfront costs, requiring only two or fewer installments, plus documentation fees. With this strategy, you can drastically reduce upfront costs. All of these benefits will give you access to the most advanced and efficient technologies.
- With the leasing option, you can continually upgrade your LED screen, helping you maintain a competitive edge in your industry and wow your customers and followers.
From LED Market we want to offer our customers solutions that exceed their expectations. We know that technology is capable of recreating clear, real and convincing spaces, that is why we have LED Video Wall for Virtual & Video Production:
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Flexible payment plans
- This customer was interested in purchasing a 10.5′ x 6.3′ indoor LED wall model P1.99 mm that he saw on Led Market’s website, so he contacted the company. After reviewing the product’s price of USD 23,199, he decided to inquire about the financing options that could be offered. The professional in charge explained that they had a very attractive plan for customers with excellent creditworthiness. He was given the option of taking a loan for USD 23,500 to be paid in monthly installments. In addition, he was informed of several payment options so that he could choose the one that best suited his needs. He could opt for a 3-year plan with monthly payments of USD 1,143.43; 36 months with payments of USD 763.98, 48 months with payments of USD 589.62, or 60 monthly payments of USD 485.28. The customer was interested in the 3-year installment plan and asked about the requirements to obtain financing. In this way, he was informed of the requirements to obtain the credit, thus proceeding to complete the operation quickly and without bureaucratic procedures that delayed his purchase, so he could quickly enjoy his LED panel. *
- Following this example, it is worth mentioning another possibility for the same amount, in this case with average creditworthiness, being able to access financing of 24 installments for the monthly value of USD 1,247.38; 36 months of USD 880.31; 48 months of USD 697.72, and also in 60 months of USD 589.38. *
- Another option would be in the case of financing for a customer with below average creditworthiness, who could access an amount of USD 23,500 in 24 installments of USD 1,331.75; 36 installments of USD 972.20; 48 installments of USD 795.95 or also in 60 installments of USD 693.02.*.
Lease-to-own option
In an increasingly competitive world, it is essential for organizations to have the newest and most efficient equipment to drive their production, provide services, and maintain their industry leadership and the interest of the community they serve.
Unfortunately, waiting for financing is not always a practical alternative to acquiring this equipment. In this case, leasing becomes relevant, becoming a viable alternative for you to access your LED wall.
Equipment leasing offers several advantages.
- First, the monthly payments are affordable and fit virtually any budget, minimizing payment jumps and fluctuations. In addition, leasing newer, faster equipment can provide a competitive advantage, helping to attract and maintain the interest of the target audience.
- Leasing is also a useful method of maintaining financial reserves for other needs and emergencies, as it eliminates the need for upfront payment. Thus, at the end of the lease, the organization can return the equipment and upgrade to a newer model, eliminating the risk of obsolescence.
- Training and support costs can be included in the purchase price, reducing unforeseen expenses.
- The full lease payment can be deducted as an operating expense in the same month in which it is paid, reducing the overall cost of the lease. Also, payments are recognized as costs on the income statement, so depreciation is not a concern.
- LED panel leasing also offers several payment alternatives, such as deferred payments and staggered payment schedules, allowing companies to use the equipment before paying a cent.
Lease-to-own option
In an increasingly competitive world, it is essential for organizations to have the newest and most efficient equipment to drive their production, provide services, and maintain their industry leadership and the interest of the community they serve.
Unfortunately, waiting for financing is not always a practical alternative to acquiring this equipment. In this case, leasing becomes relevant, becoming a viable alternative for you to access your LED wall.
Equipment leasing offers several advantages.
- First, the monthly payments are affordable and fit virtually any budget, minimizing payment jumps and fluctuations. In addition, leasing newer, faster equipment can provide a competitive advantage, helping to attract and maintain the interest of the target audience.
- Leasing is also a useful method of maintaining financial reserves for other needs and emergencies, as it eliminates the need for upfront payment. Thus, at the end of the lease, the organization can return the equipment and upgrade to a newer model, eliminating the risk of obsolescence.
- Training and support costs can be included in the purchase price, reducing unforeseen expenses.
- The full lease payment can be deducted as an operating expense in the same month in which it is paid, reducing the overall cost of the lease. Also, payments are recognized as costs on the income statement, so depreciation is not a concern.
- LED panel leasing also offers several payment alternatives, such as deferred payments and staggered payment schedules, allowing companies to use the equipment before paying a cent.
In conclusion, getting a bank loan to finance the purchase of an LED display can be complicated due to laws and limitations. With equipment leasing from Hampton Ridge Financial, organizations can bypass the bank and rest assured that the financing proceeds will be straightforward. Leasing is offered to many types of organizations, such as corporations, churches, schools, and commercial enterprises, as well as start-ups. This financing requires a credit score above 600 and a solid credit history to qualify.
Led Market provides you with the most suitable finance choices for your project.
Together with Hampton Ridge Financial, Led Market offers you the best financing alternatives for your church or business. We are here to answer any questions you may have regarding financing or leasing methods. We also bring you the most frequently asked questions so you can start planning your LED display purchase immediately and without the hassle.
- What financing options are typically offered for the purchase of LED panels and LED displays? Some of the common financing options are an equipment financing agreement, a $1 down payment, and lease-purchase options.
- What terms and conditions regularly apply to LED panel and LED display financing? Financing terms are generally based on the customer’s credit strength, business history, and trade credit. Payment terms can range from 1 to 5 years, and the customer becomes the owner of the equipment once payments are made.
Do not hesitate to contact us, we are at your disposal to help you carry out your project and provide you with the best services, with the possibility of accessing customized financing.
* All prices and amounts in USD mentioned in the content of this article are hypothetical and do not reflect any current promotion, each quote will be quoted at the time by our specialists and the financing option will be subject to conditions that will be discussed with the lending company Hampton Ridge Financial, in due course.
LED Screens with financing options
LED screens with financing options
LED Display Panel P3.91mm INDOOR
LED Display Panel P2.97mm INDOOR
LED Display Panel P4.81mm INDOOR
LED Display Panel P1.99mm INDOOR
LED Display Panel P1.86mm INDOOR
LED Display Panel P1.53mm INDOOR
LED Screen Panels 9.5′ x 6.3′ – P5mm Indoor for Church and House of Worship
LED Screen Panels Outdoor 9.5′ x 6.3′ P5mm
LED Screen Panels 9.8′ x 6.6′ P3.91mm Indoor
LED Screen Panels 16.4′ x 8.2′ P3.91mm Indoor
LED Screen Panels 19.7′ x 13.1′ P3.91mm Indoor
Why choose Led Market as your best option?
From LED Market we want to offer our customers solutions that exceed their expectations. We know that technology is capable of recreating clear, real and convincing spaces, that is why we have LED Video Wall for Virtual & Video Production:
Warranty
ready to ship
Installation
Support
