 |
All rates listed here are as of August 18, 2008.
Rates are supplied by participating Lenders prior to publication deadline
for State of California agencies only.
Other governmental jurisdictions may have different credit ratings and, hence,
warrant different rates. All quotes are based upon delivery of asset within 30 days of
rate quote, no acceptance testing period, quick acceptance, payment to supplier within 30
days after acceptance, and first payment made by agency 30 days after acceptance. Actual
rates will vary with the specific purchase and financing characteristics. These rates do not constitute
a commitment to lend and are not guaranteed unless confirmed via electronic (fax or e-mail)
or written document from the Lender. For more information or additional financing plans
and rates, contact the
$Mart Manager.
In the following rate tables, the monthly payment and cost of borrowing both include all
applicable financing fees. Total Cost Rate
(TCR) is the interest rate at which
given the payment and asset purchase amount would payoff the purchase amount, all lending
fees, and all interest costs over the selected payment term. The Monthly
Payment
amount includes all purchase costs, interest costs and lending fees. Please select the desired payment term or comparison:
For 24 months, the following table shows the current
rates and payment information for $100,000 purchase. This list is provided in ascending
order of monthly payment. In the event of a tie, the lenders are listed alphabetical.
Lender identified by double asterisks (**) may offer lower rates for certain brand of
equipment.
For 36 months,
the following table shows the current rates and payment information for a $100,000 purchase. This list is provided in ascending
order of monthly payment. In the event of a tie, the Lenders are listed alphabetically.
Lender identified by double asterisks (**) may offer lower rates for certain brand of
equipment. Lenders identified by triple asterisks (***) are registered small businesses
with the State of California.
For 48 months,
the following table shows the current rates and payment information for $100,000 purchase. This list is provided in ascending
order of monthly payment. In the event of a tie, the lenders are listed alphabetical.
Lender identified by double asterisks (**) may offer lower rates for certain brand of
equipment.
For 60 months,
the following table shows the current rates and payment information for a $100,000 purchase. This list is provided in ascending
order of monthly payment. In the event of a tie, the Lenders are listed alphabetically.
Lender identified by double asterisks (**) may offer lower rates for certain brand of
equipment. Lenders identified by triple asterisks (***) are registered small businesses
with the State of California.
For 84 months, the following table shows the current rates and payment information for a $100,000 purchase. This list is provided in ascending
order of monthly payment. In the event of a tie, the Lenders are listed alphabetically.
Lender identified by double asterisks (**) may offer lower rates for certain brand of
equipment. Lenders identified by triple asterisks (***) are registered small businesses
with the State of California.
Lender Name |
TCR |
Monthly Payment |
Borrowing Cost |
Date of Quote |
| Systems Finance Corporation | 7.0700% | $1,512.69 | $27,065.96 | 8/18/2008 | | Providence Capital *** | 7.2170% | $1,519.90 | $27,671.60 | 8/11/2008 | | IBM Global Finance** | 8.3500% | $1,576.12 | $32,394.08 | 8/18/2008 |
Term Rate Comparison for a $100,000 Purchase. This list is
sorted in ascending order of Total Cost Rate for the 36 months term. Lenders identified by
double asterisks (**) may offer lower rates for certain brands of equipment. Lenders identified
by triple asterisks (***) are registered small businesses
with the State of California.
Lender Name |
24 Month TCR |
36 Month TCR |
48 Month TCR |
60 Month TCR |
84 Month TCR |
Date of Quote |
| Systems Finance Corporation | 6.0600% | 6.3400% | 6.5550% | 6.7700% | 7.0700% | 8/18/2008 | | Providence Capital *** | 6.3360% | 6.5680% | 6.7480% | 6.9450% | 7.2170% | 8/11/2008 | | Key Municipal Finance | 7.1000% | 7.5900% | 7.9700% | 8.1900% | NA | 8/4/2008 | | IBM Global Finance** | 8.1000% | 8.1000% | 8.1000% | 8.1000% | 8.3500% | 8/18/2008 |
Term Payment Comparison for a $100,000 Purchase. This list
is sorted in ascending order of monthly payment for the 36 months term. Lenders identified by
double asterisks (**) may offer lower rates for certain brands of equipment. Lenders identified
by triple asterisks (***) are registered small businesses
with the State of California.
Lender Name |
24 Month Payment |
36 Month Payment |
48 Month Payment |
60 Month Payment |
84 Month Payment |
Date of Quote |
| Systems Finance Corporation | $4,434.77 | $3,057.62 | $2,374.03 | $1,969.29 | $1,512.69 | 8/18/2008 | | Providence Capital *** | $4,447.22 | $3,068.00 | $2,382.95 | $1,977.53 | $1,519.90 | 8/11/2008 | | Key Municipal Finance | $4,481.79 | $3,114.76 | $2,439.88 | $2,036.74 | NA | 8/4/2008 | | IBM Global Finance** | $4,527.29 | $3,138.25 | $2,445.99 | $2,032.43 | $1,576.12 | 8/18/2008 |
Term Cost Comparison for a $100,000 Purchase. This list is
sorted in ascending order of borrowing cost for the 36 months term. Lenders identified by
double asterisks (**) may offer lower rates for certain brands of equipment. Lenders identified
by triple asterisks (***) are registered small businesses with the State of California.
Lender Name |
24 Month Borrowing Cost |
36 Month Borrowing Cost |
48 Month Borrowing Cost |
60 Month Borrowing Cost |
84 Month Borrowing Cost |
Date of Quote |
| Systems Finance Corporation | $6,434.48 | $10,074.32 | $13,953.44 | $18,157.40 | $27,065.96 | 8/18/2008 | | Providence Capital *** | $6,733.28 | $10,448.00 | $14,381.60 | $18,651.80 | $27,671.60 | 8/11/2008 | | Key Municipal Finance | $7,562.96 | $12,131.36 | $17,114.24 | $22,204.40 | NA | 8/4/2008 | | IBM Global Finance** | $8,654.96 | $12,977.00 | $17,407.52 | $21,945.80 | $32,394.08 | 8/18/2008 |
|
|
