Modbook Pro – “Lease & Own” Financing Program

Get the Modbook Pro for a Low Monthly Lease Payment, Then Own It When the Lease Expires for $1 More

If you’re a freelance creative professional who would like to use the Wacom® Penabled® Modbook® Pro as a productive tool in your work — or an independent contractor, self-employed businessperson or small business owner — the Lease & Own program might be perfect for you.

Choose between one of three convenient lease terms: 12 months, 24 months or 36 months. Your lease finances the entire cost of your Modbook Pro, including any accessories, additional software, shipping and taxes (if applicable).

To apply for a lease, simply select “Lease & Own” as your payment option at checkout when you order your Modbook Pro. You’ll receive an order confirmation email, followed later by an email with a link to the online credit application and instructions on filling it out. This program is currently available to customers in the U.S. only.

OVERVIEW
Lease & Own
Perfect for freelance independent contractors and small businesses
Convenient 12-, 24- and 36-month lease terms
Easy online credit application and fast response
Buy your Modbook Pro at the end of the lease — for $1!

Available Lease & Own Options

12 Months

  • Minimum purchase amount is $1,000
  • The initial cost upon lease acceptance is the first month’s lease payment plus document fee (approximately $95 for easily qualified customers), followed by the 11 remaining lease payments in monthly installments
  • Once you make your last monthly payment, you can purchase your Modbook Pro for a final payment of $1

24 Months

  • Minimum purchase amount is $1,000
  • The initial cost upon lease acceptance is the first and last month’s lease payments plus document fee (approximately $95 for easily qualified customers), followed by the 22 remaining lease payments in monthly installments
  • Once you make your last monthly payment, you can purchase your Modbook Pro for a final payment of $1

36 Months

  • Minimum purchase amount is $1,000
  • The initial cost upon lease acceptance is the first and last two month’s lease payments plus document fee (approximately $95 for easily qualified customers), followed by the 33 remaining lease payments in monthly installments
  • Once you make your last monthly payment, you can purchase your Modbook Pro for a final payment of $1

Custom configure and order your Modbook Pro
At checkout, be sure to select “Lease & Own” as your payment method.
Frequently Asked Questions

Who can apply for the leasing program?
The program is designed so self-employed individuals and one-person businesses — as well as companies of all sizes — can take advantage of it. Please apply or contact us if you’re uncertain whether the program is for you. Potential users of the leasing program include:
· Freelance independent contractors who use the Modbook Pro for work
· Sole proprietors
· Small-, medium- and large-sized businesses
· Not-for-profit organizations
· Educational entities

Can customers outside of the U.S. apply?
Currently, the leasing program is available only to U.S. customers.

How can I estimate my month lease payments?
At http://store.modbook.com, select your Modbook Pro model, configure it and add it to your cart. In the total box, you will see a Lease & Own estimator as shown at right that provides monthly payment estimates for various lease terms. (Remember: These are estimates. Your actual monthly payment may differ.)

What costs are covered in my lease?
Your lease finances the entire cost of your Modbook Pro, including all hardware, accessories, additional software and/or extended warranty coverage that are purchased for the machine, as well as any shipping costs and taxes (where applicable).

The final payoff amount is $1?
Yes. Once you’ve made your last monthly payment, you can purchase your Modbook Pro for a final payment of $1.

OVERVIEW
How Do I Apply?
Configure your Modbook Pro in our online store
Proceed to checkout
For “Payment Information,” select the Lease & Own option
You’ll get an order confirmation email, followed by an email with a link to the online credit application with instructions
Fill out the online application
That’s it! You’ll hear from the leasing company soon, often the same business day

Is there a minimum purchase amount required for the lease?
Yes, the minimum purchase for a lease is $1,000.

Is there a penalty if I decide to pay off my lease early?
No, there is no penalty. Just contact your leasing agent to arrange for payment of the outstanding balance.

Are there lease options longer than 36 months?
Yes. Purchase prices above $4,000 may qualify for 48-month or 60-month lease options. If you are interested, select them one of these options when filling out the online credit application. Your leasing agent will be happy to discuss all available options with you.

Would I be better off arranging financing at my bank?
Not necessarily. Possible issues include:
· A bank may not be used to financing technology equipment purchases
· Usually, a bank will require a larger down payment
· You may use up a portion of your existing credit line, limiting future access to cash

Are there tax advantages to leasing?
Possibly. Unlike bank loan payments, lease payments are generally tax-deductible, allowing for a full write-off over the lease term and thus reducing the net cost of the lease. (We recommend you consult your accountant or tax advisor if you have questions regarding the tax advantages of leasing.)

What are some of the other advantages of leasing?
· Leasing effectively provides you with an additional line of credit
· Leasing conserves your existing credit lines for other uses
· A lease does not tie up your working capital
· With a lease, budgeted agencies can obtain equipment via operating expenses when capital funds are short
· Our leasing partner may be able to arrange longer payment terms than lending institutions
· A lease may not have to be indicated as a liability on a financial statement
· Leasing helps improve financial ratios and keep your balance sheet clean
· Leasing minimizes inflation risk by paying tomorrow’s cost with today’s dollars

Does the 30-day return policy apply for leasing program purchases?
Once you enter into a leasing contract, the leasing company becomes the legal owner of the leased equipment until you purchase it for $1 at the end of the lease (or pay off your lease early). For this reason, the 30-day return policy is not applicable. Remember: Your Modbook Pro is still fully covered by the Modbook Pro Protection Plan for one year, with an XPlan Extended Protection Plan upgrade for two additional years available.

Does the Buy & Try Guarantee still apply for leasing program purchases?
No. The Buy & Try Guarantee is not applicable for the same reason as the 30-day return policy, but as always your Modbook Pro is fully covered by the Modbook Pro Protection Plan.

Why did Modbook Inc. choose to partner with North Star Leasing Company to provide the leasing program?
Our trusted partner North Star Leasing has almost 35 years of experience in funding equipment leases, including for one of the largest Mac® resellers in the United States. North Star Leasing offers quick response times (often within the same business day), exceptional customer service, greater flexibility with lease options and simpler documentation (no lengthy forms!). In addition, North Star Leasing provides fair and reasonable credit decisions, and does not use off-the-shelf scoring systems that frequently eliminate potentially good applicants because of length of time in business, the nature of their business or an unproven credit background.

Questions? Contact us and we’ll answer them for you!
Want to order your Modbook Pro and apply for the leasing program? Start here!
The Lease & Own program is available to qualified independent contractors, sole proprietors or companies using their Modbook Pro for business purposes, and requires submission of a credit application. Program is available to customers in the U.S. only. The Modbook Pro Buy & Try Guarantee and the Mod Your Own program are not applicable to leasing program purchases. Other restrictions may apply.
The Modbook Pro is an enclosure conversion kit that transforms an original Apple MacBook Pro notebook-style computer into a tablet-style computer. Apple Inc.’s warranty on the MacBook Pro base system is voided by the conversion and replaced with the Modbook Pro Protection Plan, which covers the entire hardware solution, including the base system.
Modbook and the Modbook logo are trademarks or registered trademarks of Modbook Inc. in the U.S. and/or other countries. Apple and Mac are trademarks or registered trademarks of Apple Inc. in the U.S. and/or other countries. Wacom and Penabled are trademarks or registered trademarks of Wacom Co., Ltd. in the U.S. and/or other countries. Other company and product names may be trademarks of their respective owners.