Waterlink Announces WaterlinkLease.com, Providing Online Access to Lease Financing and Information
The new site, which can be accessed directly or from Waterlink's site, www.waterlink.com, provides lease financing options to cover virtually every aspect of a project, including equipment costs, consulting costs, installation and related costs, field service and training costs and scheduled maintenance costs.
"Water and wastewater projects are significant undertakings, yet they can often be completed on favorable terms when financing options are available," said T. Scott King, Waterlink's president and chief executive officer. "WaterlinkLease.com responds to our customers' interest in exploring cost-effective ways to secure critical water or wastewater solutions without a major capital outlay and with a funding period more in line with the use of the solution. This new site will reinforce Waterlink's industry leadership by giving users a valuable tool to enhance their project planning. Waterlinklease.com also reflects Waterlink's commitment to leverage the Internet to enhance our relationships with our customers."
Waterlink has partnered with an established lease-financing institution to develop the WaterlinkLease.com program.
To meet the varied needs of companies and municipalities, Waterlink offers a small market and large market program at the site. The small market program, for financing up to $100,000, allows users to choose from financing options at pre-approved rates. Monthly payments can be calculated easily at the site by the customer, and lease applications can be submitted online. Applicants are notified of their credit award within just 24 hours of supplying all necessary credit information. Lease agreements also are provided online.
The large market program, for projects in excess of $100,000, provides lease financing rates based on the type of equipment desired and the customer's credit standing. Payments can be estimated online. Under this program, a formal lease proposal can be submitted to the customer within 48 hours of receiving all required credit and equipment information.
Waterlink provides three types of lease options at the site.
* The Fair Market Value option, which affords the lowest monthly payment, allows customers to buy the equipment for its fair value, or return the equipment, at the end of the lease. This option is best if customers desire a short-term or interim solution.
* The 10% Purchase Option is ideal for customers that need a long-term solution and prefer a lower monthly lease payment while securing their end-of-term purchase cost.
* The $1 Buyout Option, also for customers seeking a long-term solution, includes monthly payments similar to a secured loan.
"The availability of lease financing can enable qualifying companies to install water or wastewater treatment solutions at a cost that can be competitive with their costs for surcharges or waste disposal," said Marc Mucci, director of lease financing at Waterlink. "By providing this 'lease- to-own' program, we hope to give both users and providers of water and wastewater services new alternatives for their projects."
SOURCE: Waterlink, Inc.