ECM-98T & ECM-9800 Electronic Coin Mechanism
LEASE/PURCHASE Option
In conjunction with WELLS FARGO BANK we are pleased to offer you an opportunity to get your ECM’s now and pay for them over time. Thereby the ECM’s are helping to pay for themselves by helping you to increase circulation, reduce down time and reduce maintenance costs.
This leasing plan allows you to expense the lease payments as made, thereby spreading the acquisition cost over a five year period. The Leasing option requires a purchase of a minimum of 1,000 ECM’s and the amounts quoted below are based on interest rates as of 7/15/00.
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ECM-9800 | ECM-98T
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Sales price including 5 yr. warranty | $ 116.10 | $ 138.50
| | Less 5% Qty. Discount* | 5.81
| 6.93
| | Net Purchase Price | $ 110.29 | $ 131.57
| |
Wells Fargo Quoted Interest Rate | 9.58% | 9.58%
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Total interest paid over lease term | $ 30.31 | $ 36.15
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Total Unit Cost over 5 years | $ 140.60
| $ 167.73
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For 1,000 ECM's
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Monthly Payment - 60 months | $ 2,159
| $ 2,576
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10% buyout at end of 60 months** | $ 11,029
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$ 13,157
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Total Payments
| $140,600
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$167,730
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* When purchased directly from us
** Per IRS to qualify for tax deductibility as payments made
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