Rent-A-Stitch

Our revolutionary Rent to Own program has made it possible for many companies to either start or expand their embroidery business without making a long term commitment. Our 6 or 12 month rental/lease contract is allowing companies to select an embroidery machine, rent the equipment for 6 or 12 months, and then decide whether to purchase the equipment or not. If the company decides to purchase the equipment, then 50% of all rent payments made shall be credited to the purchase price, and the equipment may be purchased for the remaining balance. If the company decides not to exercise the purchase option of the equipment, then they may either return the equipment at the end of the rental period, or may continue to rent the equipment on a monthly basis for as long as they wish. The equipment may be purchased at any time after the rental period, and the 50% credit of all rental payments shall be credited to the remaining balance of equipment cost.

What are some of the advantages of a Rent to Own Program?

1. You only have to make a 6 or 12 month commitment, and not a 48 to 60 month commitment.
2. It allows you to use the equipment for 6 or 12 months, and in the event your business expands, and you need larger or newer equipment, then you are not obligated to purchase the rented equipment. You may then lease or purchase the equipment that fits your business’s current needs.
3. The rental program allows your business to build up a larger down payment towards the purchase of the equipment at the end of the rental period by using the 50% credit of all rental payments towards the down payment.
4. In the event your business decides to purchase the equipment following the rental period, and you finance with either a lease or loan program, your monthly payments thereafter will be smaller due to the fact that you will be financing less money.
5. Some companies with marginal credit or without prior embroidery business experience, may be able to utilize the Rent to Own program and obtain equipment to build their business, instead of possibly being turned down for lack of prior credit or experience.

Example 1

6 or 12 month Rent to Own Program
Equipment – Used Tajima 12 color 2 head embroidery machine
Equipment Price - $14,500.00
Security Deposit Required $1,450.00     
12 Month Rental Payment - $457.50
6 Month Rental Payment - $507.50
Purchase Option after 12 rental payments and application of Security Deposit = $10,005.00
Purchase Option after 6 rental payments and application of Security   Deposit = $11,527.50
Approximate Lease or Loan payment for additional 48 months - $288.00-$320.00

Example 2

6 or 12 Month Rent to Own Program
Equipment – Used Tajima 12 color 6 head embroidery machine
Equipment Price - $25,000.00
Security Deposit Required $2,500.00   
12 Month Rental Payment - $875.00
6 Month Rental Payment - $925.00
Purchase Option after 12 rental payments and application of Security Deposit = $17,250.00
Purchase Option after 6 rental payments and application of Security   Deposit = $16,950.00
Approximate lease/loan payment for additional 48 months = $479.00-$550.00