Financing Options for Finger Lake Tools Co.

Early Purchase Option (EPO)

At Finger Lake Tools Co., we understand that acquiring essential equipment can be a significant investment. To make this process more manageable and flexible for our customers, we offer financing through Clicklease, a company known for its custom flexible payment options.

Our Early Purchase Option makes financing even more flexible and commitment-free. Here's how it works:

1. Sign your lease agreement and pay any standard lease initiation fees (non-refundable).
2. Make your regularly scheduled payments.
3. At any point prior to your 5th regular monthly payment, you can make one payment of the entire original invoiced amount to own the equipment outright.
4. Your account is then paid in full!

The EPO amount doesn't change during the first 5 months, giving you time to decide. Any payments already made are not deducted from the buyout amount.

Example Scenario:

• Invoice: $10,000
• Lease terms: 60 monthly payments of $275
• Doc fee: $299

If you use EPO after your first payment:

• Purchase amount: $10,000
• Total amount paid: $10,000 + $299 doc fee + 1 payment = $10,574 + taxes

If you use EPO after payment 4, but before payment 5:

• Purchase amount: $10,000
• Total amount paid: $10,000 + $299 doc fee + 4 payments = $11,399 + taxes

Documentation Fee

A one-time documentation fee will be charged within the first 24 hours of receiving funding. The fee varies based on the lease amount:

• $500-$1,500: $79
• $1,501-$2,500: $129
• $2,501-$5,000: $199
• $5,001-$10,000: $299
• $10,001+: $399

Your first payment is due 30 days after you receive funding.

Purchase Options

There are two ways to purchase the equipment:

1. Early Purchase Option (EPO): As described above, you can buy out the equipment anytime before the 5th monthly payment for the original invoice price.
2. End of Lease Purchase Option: At the end of the lease term, you can choose to purchase the equipment at the price specified on page one of the lease agreement.

Lease Example:

• Equipment Cost: $10,000
• Cost of Ownership: $15,000
• Monthly Payment: $312.50
• Term: 48 months
• Purchase Option: $1,250

The Early Purchase Option (EPO) is calculated as: Monthly Payment x Number of months paid + $10,000

At Finger Lake Tools Co., we aim to provide flexible financing solutions to help you acquire the tools you need to grow your business. Our partnership with Clicklease allows us to offer these customer-friendly options, making equipment ownership more accessible and manageable for you.