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Here's a quick way to get a feel for the monthly payment on your lease from CT&L. Obviously, your actual payment may be affected by factors such as your financial strength, special assets or creative structures. However, this tool provides a fair approximation, and we we urge you to follow it up with a Quick Credit Score for an even broader evaluation.
Note: 'Soft Cost' assets, such as software, consumables, installation or infrastructure are factored differently. These asset types have no residual or resale value, and as such, are fully paid out over the term of the lease. For an accurate estimate of your payment, please be sure to break these out in the Estimate below. For further reference, an example is also provided below.
An Example
Let's say we have the following hardware and software to be placed on a 24 Month Lease with a Fair Market Value Purchase Option. Here is the breakdown:
| Type |
Description |
Hard Costs |
Soft Costs |
|
| Hard Cost |
HP ProLiant Server |
7,000.00 |
|
|
| Hard Cost |
Cisco Ethernet Switch |
1,000.00 |
|
|
| Hard Cost |
HP LaserJet Printer |
750.00 |
|
|
| Soft Cost |
Microsoft Software Licenses |
|
2,500.00 |
|
|
|
Totals |
8,750.00 |
2,500.00 |
11,250.00 |
Now, here's how the Payment Estimator would break out the 'Hard' costs and 'Soft' costs and factor your total monthly payment:
| Type |
Costs |
Payment |
| Hard Costs |
8,750.00 |
308.87 |
| Soft Costs |
2,500.00 |
112.90 |
|
| Total |
11,250.00 |
421.77 |
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