Why Lease With GARIC
Garic is one of the most financially stable leasing and IT companies in the U.S.
Garic is a privately-held company with over (15) years of consecutive profitability. This is important when you consider the long-term nature of a lease relationship.
Garic is an independent lessor
This independence offers you the greatest flexibility. We know that your equipment standards may change, but since Garic can use your standards, you won’t be artificially motivated to continue with the same technology that a captive lessor represents.
Garic holds leases
Garic may assign payment to a bank for funding but we hold our lease paperwork. Garic can create leases with the most creative and suitable initial terms and provide the best options during and at the end of term. Since we hold our leases, you deal directly with Garic. Other lessors may sell the lease to third-party investors, whose main concern is their return on investment. Our intent is to maintain the business relationship and earn your next lease.
Garic can help structure leases that satisfy the FASB 13 rules for operating leases. This can sometimes be difficult with the rapid rate of equipment obsolescence and technological change. Garic works with our clients’ internal and external auditors, as appropriate, to ensure that the leases qualify to receive the desired accounting treatment.
Technical and financial expertise
Garic serves the industry as a technology expert and trusted advisor to ensure the correct technical solutions are used by our customers. In addition, we are familiar with the nuances of computer equipment leases and have the ability to estimate proper computer technology residual positions. Errors in this area could limit your flexibility and cause you additional expense either during or at the end of a lease.
Garic streamlines the technology lifecycle process by being both the supplier and lessor
By performing both roles, Garic provides a hassle-free process for our customers. Garic can place assts on lease more efficiently, eliminate issues of delayed vendor payment, increase the accuracy of the asset database, and speed the delivery of equipment. In addition, these efficiencies can lower costs.
Garic, as a lessor and reseller, can supply certified, used components
Rather than add brand new upgrade components onto the lease, customers may add fully certified, used components where appropriate. This strategy is especially useful when upgrades are required just prior to the end of the initial term.