LEASING

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​Leasing Overview

Teknion is a leader in the office furniture industry. Our product knowledge is unparalleled, as are our constant efforts to create lasting client relationships. We accomplish this by working closely with Teknion dealers and their customers to provide not only superior financing solutions, but also the highest possible level of service.

We've built Teknion Financial* to provide you with a complete array of value-added services and products to ensure customer investment protection and market leading structures and terms.

Complete Design and Financing Solutions

The expense of interior design can easily be added to the total cost of the project, providing 100% financing for your workplace solutions. Teknion Financial will work within the process your design firm has created, ensuring your complete satisfaction.

Frequently, there are soft or intangible costs associated with the professional installation of systems furniture. These costs can be included in the amount financed, providing you with funding for the total cost of the project – not just the tangible furniture and assets. Wrapping up all costs into one lease payment is a simple and convenient way to pay for your furniture.

One-Stop Shopping

Time is money. That's why Teknion Financial makes sense. Why go to a series of vendors for financial and furniture interests, when Teknion Financial has done the work for you? Teknion Financial has the products and know-how that simply cannot be matched.

Teknion Financial provides you with the very best in furniture and financing solutions. With extensive experience in the leasing and furniture markets we can provide you with information to assess your buy versus lease options, costs and benefits.

Leasing Products to Meet Your Needs

Teknion Financial has arranged for a comprehensive line-up of finance and lease options, which are all available at highly competitive rates. As well, you can customize a program to meet your explicit requirements, including cash flow, budget and cyclical fluctuations so you can feel confident knowing that no matter what your needs may be, Teknion Financial can assist in developing a program that's just right for you.

Single Lease Payment

By consolidating your lease payments, we can accommodate a phased installation, along with ancillary products. Teknion Financial will pay invoices on your behalf and merge it all into one convenient lease schedule. We can also introduce a separate line of credit, which won't affect your existing operating lines.


​Advantages of Leasing


You may ask yourself, ‘Why should I consider leasing office furniture?’ Many find themselves asking that same question. But after discovering the multitude of advantages and benefits that Teknion Financial* offers, you’ll ask yourself, ‘Why not?’

Leasing Teknion office furniture offers these advantages:

Tax Benefits

Businesses of all sizes are interested in tax deferral strategies. Various kinds of leasing programs allow monthly payments to be deducted as an expense for tax purposes.

Increased Spending Power

Leasing spreads out your costs and better aligns the cost of furniture ownership over the operational life of the asset. Leasing over a five-year term creates three-and-a-half times more spending power to assist with capital budget restraints.

Preserve Your Credit Lines

Leasing Teknion’s furniture won’t disrupt your existing credit lines. Our program creates incremental borrowing power, while avoiding the usual covenants that are typically associated with traditional bank financing.

Conserve Your Capital

Leasing furniture can also maximize your cash position. It can provide you with an additional source of funds by preserving your bank line for higher return activities.

Off-Balance Sheet Financing

A lease, for accounting purposes, can be structured so that furniture assets do not appear on your balance sheet.

Fixed-Rate Financing

Leasing provides for the use of furniture at a fixed payment, regardless of what happens to interest rates. Locking in your costs at today’s market interest rates will free up capital for revenue generating investments.


​Leasing Options


Teknion Financial* has arranged for a comprehensive line-up of finance and lease options, which are all available at highly competitive rates. As well, you can customize a program to meet your explicit requirements, including cash flow, budget and cyclical fluctuations so you can feel confident knowing that no matter what your needs may be, Teknion Financial can assist in developing a program that’s just right for you.

Option 1: Fair Market Value Lease

The Fair Market Value Lease Program allows you to purchase leased equipment at the end of the lease for fair market value.

Key Benefits
• Lowest payment
• Expense the lease payment
• Fixed rate
• Maximum flexibility
• Off-balance sheet treatment

End of Lease Options
• Purchase furniture at market value
• Return furniture
• Upgrade to new furniture
• Extend the lease

Option 2: Lease-To-Own

The Lease-To-Own Program presents you with a pre-determined purchase option, which is expressed as a percentage of the original furniture cost.

Key Benefits
• Low monthly payments
• Depreciation and interest expense
• Fixed rate End of Lease Options
• Purchase at a pre-set amount
• Upgrade to new furniture
• Extend the lease

Option 3: Payment Plan

This program grants you the option of purchasing your leased furniture at lease-end for $1.00.

Key Benefits
• Depreciation and interest expense
• Fixed rate End of Lease Options
• Purchase furniture for $1.00 

* Teknion Financial aims at assisting its clients in obtaining optimal leasing arrangements with its financial services provider. Teknion Financial makes no representations or warranties about leasing arrangements, which are made directly with the financial services provider without prior approval or consent. No one should act, or refrain from acting, upon such information without appropriate professional advice after a thorough examination of the facts of a particular situation.