Domino has introduced an in-house leasing program, allowing label printer converters of all sizes to easily add Domino's digital UV inkjet production press to their business. The in-house leasing program allows customers to pay for their new Domino N610i digital UV inkjet label press over a period of time, typically three to five years with fixed, monthly payments.
"Typically in the United States it's called a dollar buyout lease. In other parts of the world it's called a finance lease, but effectively it's a capital purchase with the payments spread over a term. So, at the end of that period, the customer would then take ownership of that press," explains Mark Herrtage, finance director, Domino.
"The leasing program is a very simple, easy way for our customers to get into this technology. And it doesn't take a huge cash outlay to get into the business," says Barry Wendell, account manager at Domino.
Patrick Wafer and Ryder Fyrwald, owners and co-CEOs of Alros Label, say, "One of the big advantages of the Domino financing program for us is the ability to invest in other things... sales, marketing, hiring new employees are all the ways that we're going to grow the business, and with the financing, it allows us to do that. We don't have the disposable cash to go out and buy one of these machines. So, having a financing option and the ability to pay it down over time, along with really attractive rates, made it pretty much a no-brainer for us."
Adds Herrtage, "Our leasing programs are very much geared to all companies, whether that be a small company that needs some financial help from us, to large companies that just want to be able to protect their own cash flows or invest in other areas. We're helping them with that."
Label printer converters will find that Domino's in-house leasing offers competitive rates that are generally lower than banks or third-company leasing companies provide.
Plus, they are dealing directly with Domino...