Thread: What is the best lease rate you have gotten on a Red Camera?

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  1. #1 What is the best lease rate you have gotten on a Red Camera? 
    I am looking at leasing (with 1$ buyout) another Red camera. What is the best rate you have ever gotten leasing a Red Camera?
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  2. #2  
    This is a very stupid question to ask on a forum. Rates that you get depends on YOUR credit score!
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  3. #3  
    Senior Member Adrian Jebef's Avatar
    Join Date
    Jun 2010
    Los Angeles, CA
    Leases are not the best financial instrument to use for purchasing cinema equipment yet they are the most prevalent. A lease is usually for a set term and must be completed even if paid off early. I have used leases and more traditional loans in the past. My recommended equipment broker is Western Equipment Finance. I have gotten the best terms from them including a lower APR and no pre-payment penalties. As in all things it's best to shop around.
    Adrian Jebef
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  4. #4  
    Senior Member
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    Nov 2008
    Dallas, TX
    Lease will be more expensive than a loan if u can swing it
    Director of Photography / Filmmaker
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  5. #5  
    Adrian and Jake are absolutely correct.

    Here is a better way. If you happen to have some savings, go open up a "Share Builder Savings Account" at your local Credit Union. Let's say you want to invest $10,000.00 on your next bunch of purchases. In order to give you a secured $10K loan, the Credit Union requires you to deposit 110% to give you that loan. That is $11,000.00 of a deposit. You can have shitty credit and they don't care. The Credit Union is giving a secured loan on against your own money. They don't even do a credit check on you. You get your money and make payments every month. At the end of your pre-deterrmind term, you already have paid for your purchase, written off 100% of that on taxes and still have 110% of your investment available to you.

    Again, this is for those who do not have stellar credit ratings.
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