Tax-Exempt Financing for Mitel Phone Purchases through Sourcewell

By: Marco
August 6, 2015

For organizations that have recently considered upgrading to a new Mitel phone system (or any phone system for that matter), the cost of purchasing equipment can pose a significant hurdle to finalizing the deal.

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For organizations eligible to use the cooperative contract process provided by Sourcewell, there is a tax-exempt municipal leasing option available that can neutralize that hurdle and make it easier to upgrade now, without worrying about exceeding your budget. With the help of National Cooperative Leasing, any government, education or nonprofit agency can purchase a new Mitel phone system required to remain productive, without worrying about upfront costs.

What is National Cooperative Leasing?

National Cooperative Leasing (NCL) is the leasing and financing solutions contract holder and, Mitel's preferred provider of financing for purchases secured through cooperative contracts with Sourcewell. Financial solutions from NCL allow Sourcewell members to acquire the equipment needed to remain effective.

When to Use NCL Financial Solutions

For organizations that have had to ask the following questions, NCL can help:

• We need this equipment, but do we have room in the budget?
• Should we do a portion of this project this year and defer some to next year?
• Should we make this a next-year project?

The simple fact is that some companies just don't have room in the budget to make equipment purchases. Buying a new suite of equipment to upgrade a complete telecommunication system requires a significant capital investment, which just isn't financially possible for some organizations. For IT directors facing these difficult questions, NCL offers the best solution.

Why Use NCL Financial Solutions?

Exploring the financial options available from NCL can make it easier for IT directors to convince procurement officers that the phone system upgrade needed is financially possible. First and foremost, NCL's financial solutions are easy to present to leaders that must comply with competitive solicitations processes.

National Cooperative leasing was recently awarded the only competitive solicitations leasing and financing contract for Sourcewell. In addition to that, NCL options allow IT directors to present affordable solutions that allow the organization to upgrade without making significant capital investments. NCL financial solutions come with extremely competitive rates, and the simple, fast approval process offers same-day or next-day approval of leasing agreements.

Other benefits of Tax-Exempt leasing through NCL include:

  • Maximized budgets: Leasing fits into current budgets, with annual lease payments as the only cost involved.
  • Increased purchasing power: Since annual lease payments are the only cost to consider, companies enjoy purchasing power that is typically increased three fold.
  • Zero down: In most cases, companies can start a lease with no down payment.
  • Non-appropriation: Language is included in all NCL solutions to offer an out clause.
  • No need for debt: Pay your lease amounts from the operating budget, without borrowing to make a capital investment.
  • Lease-to-own: Pay for equipment over time, and face no residual costs or buyout amounts at the end of the lease.

Upgrade Today and Pay Over Time

Sourcewell members looking at a new phone system shouldn't let a limited budget prevent the purchase of the equipment required to remain effective. For IT directors facing a challenging budget, NCL's Tax-Exempt Municipal Lease option is an affordable way to invest in the equipment the member needs today, while making affordable payments over time that don't burden their organization with more debt.

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