Butler System is advertising a 0 down $799 per month lease. supposedly for a 3 year term. I am seriously considering leasing one.They give you a new system and van every 36 months,any feedback would be appreciated ,,,
It's the American way, get in debt, stay in debt, get pissed that your in debt, can't figure out how to get out of debt cause your stressed out because of debt. Butler does know what's best for you.
They will probably even convince you to sign up for auto payments even if you don't want to. "NO need to worry about mailing that check this month" it's already done. LOL
From my understanding, if you lease, the lease should be a capital lease for you to be able to fully deduct it. I am no tax expert, but that is what my tax guy told me when I was considering leasing a vehicle.There are significant advantages to leases.
The whole lease payment is deductible on your taxes. You know exactly what your machine will cost you per month.
There will be terms to the lease, how many hours per month average on the machine and the mileage on the van also---I am guessing. If you go over these there will be a per mile and/or per hour charge at the end of the lease.--Again my guess.
There will be a buyout price that will be stated on the lease when you sign it---residual value. These are often high enough that it is not usually a good deal for you to purchase the unit.
If at the end of the lease you think the van is worth more than the stated residual value then you can buy it or sell it.
An Accountant friend of mine used to lease suburbans for 2 years when they were going up in price a couple thousand a year. He leased about four in a row and sold them for significantly more than the residual. This normally does not happen though.
In a lease the vehicle actually is not yours, you are just renting it. The interest rate is actually the internal rate of return figured by the leasing company and is not stated.
Usually the leasing company (if it is a seperate company from Butler) will buy the machine and then will own it when it is done. They may have a guaranteed price from Butler as to what it will be worth at the end of the lease or a deal with Butler to sell the van at the end of the lease.
Long term it gets Butler into two different price points where they can sell or lease their machines. New or 3 years old.
They will probably offer the used machines for lease at a lower price also.
I was just cracking a joke... Dude. You are right that it is an amazing machine but the majority here make far more than 20 times that a month even in the winter.Dude?! You really think $799/month for an amazing machine that can make you 20 times that is bad debt?
I agree with you on that, but I also agree with $800 being a killer deal. Just my hydra master boxxer XL is $500/month on a 5yr note. I'll pay $300 more for a van/truckmount combo any day. I live in Georgia, and my income is half of the west coasters. So if I can afford $800 easily, so can any other established business.$800 a month for a guy in California will be chump change compared to a guy in another state. In Cali. big city, high dollar place, jobs might start at $500 for a house. In some Texas cities you compete with wetbacks for $100 for a whole house. $800 a month in one place does not equal the same $800 in another place.