When using the Lease to Buy option, you’re purchasing WinLIMS and associated services in the same manner that most people purchase an automobile. You simply choose the length of the term (3 to 5 years), and all of the costs (both software and services) are rolled into a single monthly payment.
Your accounting department can treat the payments as an expense (which has tax benefits)
At the end of the term, you own the perpetual software license
Why Lease to Buy?
The following is a list of benefits by using the Lease to Buy option to obtain WinLIMS®
Your lease can include the cost of software, training, installation, maintenance, sales tax, freight / shipping and other costs traditionally not included with bank financing. The best part is, at the end of the lease the software is yours for a $1 buyout!
Minimal Upfront Costs
No large down payments or cash deposits are required with your Lease to Buy financing. Your first and last payment is all that is needed to have your equipment delivered to you. This leaves funds available for other corporate needs.
When software is leased, most businesses can write off 100% of the monthly payment as an operating expense. Leasing also allows customers to pay for the software with pre-tax dollars rather than after-tax profits. Please consult your accountant about the tax treatment for your company.
Leasing gives you the option to take ownership of the software, upgrade it, extend your lease and even include the support and upgrade service payments during the life of the lease.
Your lease payments can be structured to match the monthly cash flow of your business or the economic useful life of the software which, in WinLIMS case, has proven to be in excess of 13 years. Leasing also offers terms longer than other forms of financing, which results in lower monthly payments.
Avoid Becoming Obsolete
Support and Upgrade service provisions can be added to most leases. This protects your system by ensuring that fixes and updates are provided to you as they become available. This is a simple and cost-effective way to hedge against obsolescence.
Maximize Your Cash Flow
Leasing allows you to preserve your working capital and bank lines for other operating expenses.
By far the best team we’ve ever worked with. They truly understood what our needs were and completely nailed it. I would highly recommend QSI. You simply just won’t find any better team!
After converting from a different system, I was impressed by the configurability of the WinLIMS software and the support we were able to receive from the QSI staff.
Jim Gerry, Castrol Lubricants
Special Pathogens Laboratory has been using WinLIMS by Quality Systems International for over 8 years. The flexibility of the system, and the support provided, allows us to keep up with ever changing client and operational demands. It is a dependable system that is easy to use and understand. Providing a solid foundation for a growing Laboratory.
Brian Verdi, Special Pathogens Laboratory, a Pace® Laboratory