Texas Media Systems works with multiple leasing companies to get customers approved for the equipment they need. I answer many questions a day about leasing equipment. So, I decided to compile some of the most commonly asked questions to make the process of filling out an application even easier.
1) Where do I find the applications?
If you are on the page of the equipment you are looking for, the apply now button will be underneath the picture of the item. For example, if you are looking at the page for the C100 mk II, the apply now button will be on the page in the item’s description. By clicking on that button, it will take you to the pdf page to electronically sign and submit.
Also, on our homepage, if you click on Downloads in the left hand column, it will take you to the list of leasing companies and their applications.
2) What do I need to put on the form?
On the pdf application, the required fields will be highlighted (see below). You only have to select the equipment that you are looking to lease and the contact information. You can then e-sign the document to submit it. You will receive a confirmation e-mail asking you if you did in fact just fill out the form. Once you confirm, we get a copy of your application and forward it to the leasing company.
3) What about down payments?
A down payment is not required on the application. If you wish to include one to lower the amount you are seeking financing for, the field is on the top right next to the equipment field. If there is a field for total amount, make sure you subtract the down payment from the amount to be financed.
4) What is a one dollar buyout?
When leasing, the equipment remains the property of the leasing company. At the end of the lease, when all terms have been met, you literally pay them one more dollar and they sign the equipment over to your name.
5) Why do I have to have insurance?
Because the equipment is technically the property of the leasing company, they want their equipment to be insured. The equipment can be easily added to the rider that you already have in place for your other equipment, It can be added to your home owners insurance policy as well.
6) How long will it take to be approved?
We normally get a decision back for the application within 24 hours.
7) What kind of paperwork do I need to fill out after I get approved?
In most cases, the lease to be signed is only one page long. Tax exemption documents need to be signed for us and the leasing company. A copy of your state issued ID is also required.
8) Do we pay TMS or the leasing company?
All billing and payments will be between you and the leasing company. You can expect your first bill approximately 30 days after you receive your equipment.
I hope this information was helpful and if you have any additional questions, feel free to contact me:
(512) 440-1400 ext 202