Financing Program

To assist our customers, we now offer three types of finance plans for your security system. Our goal is to provide you with the most cost-effective and convenient program to suit your needs. You decide whether to rent the system or purchase and capitalize the cost. The cost of monitoring, maintenance, and depreciation may be written off for tax and financial reporting.

Rental Plan
This plan will allow you to write-off the entire monthly rental amount as well as the cost of monitoring and maintenance for both financial and tax reporting. You decide the initial length of the term; two, three, four or five years. This plan requires a down payment of two monthly payments paid directly to the finance company. When the initial term is over you can choose to A) continue renting the system on a month-to-month basis; B) negotiate a trade in on an upgraded system; or C) simply request to cancel the service and have us remove the system.

Purchase Plan - 10 Percent
This option provides a purchase plan for the equipment and installation cost that is normally capitalized and depreciated over time. Both expenses can be written-off for financial and tax reporting. This plan requires a down payment and a residual payment of ten percent to the finance company at the end of the term. You decide the initial length of the term; two, three, four or five years.

All maintenance and monitoring services are required during the initial term of the plan and are paid directly to Tel-Tec. You can write off those amounts as an expense for both financial and tax reporting.

Purchase Plan - Structured Payments
This is a traditional payment program. It requires a down payment and payments to the finance company over a predetermine term period. The system is normally capitalized and depreciated over time and the interest expense is written off for both financial and tax reporting.

All maintenance and monitoring services are required during the initial term of the plan and are paid directly to Tel-Tec. You can write off those amounts as an expense for both financial and tax reporting.

Maintenance
During the term on all three plans, Tel-Tec will provide labor to periodically inspect and test the equipment as well as labor to repair equipment due to ordinary wear and tear.

Financing provided by Studebaker-Worthington headquartered in Long Island, New York.

Bruce Clayton
Residential and Commercial Consultant, Tel-Tec Security Systems

Leslie Kirkindoll
Office Manager, Tel-Tec Security Systems

Brian Mendiburu
President, Mendiburu Foundation

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