I learned of Formlabs via Facebook. Since the company advertises to “Joe the Plumber” therein, one might reasonably expect the availability of a financing plan. It’s not a used car, but at the MSRP, it sure feels like one. I would even be willing to pay on a layaway plan.
That way, the company gets to use my money AND, if the next model comes out during my payment period, I can add a bit more to purchase the latest model!
Perhaps I am confused, but it sounds like a win-win to me.
The idea is free, but I’d like a price break if it works!
Ever consider a small personal loan or maybe a lease? Not sure if section 178 is still in effect, if so you can write off the total value in the first year. This helps quite a few small businesses.
Leases can be expensive in terms of total money paid out on the machine. Best personal unsecured loans are easier to get through a local credit union rather than a bank. Typically the interest rates are well under 10% vrs average credit card of 14-18%.
We bought through a distributor in Austin, and his company sells large printers and other equipment that is expensive. He offered financing through Great American, I believe. So ours is technically leased, but it brought the payments down to around $190 a month. I think there might have been an accounting advantage to it as well, but I’m not 100% sure about that.
FormLabs has a distributor that sells on EBay and if you have a PayPal credit you can purchase for 0 interest for 24 months. So essentially paying $146 a month for 24 months. Not a bad deal.
If Small Personal Loan is Considered, then it must be a high-interest rate. After getting a personal loan, you need to pay high interest rates after a couple of months. Leases are much expensive than a personal loan.