Financing Equitment

JP12687

Active Member
Joined
Aug 23, 2004
Location
Stamford, CT
Ok, so i still do some work for a small community theatre i have been with for years, their equitment is old and dying, but we dont have $ to shell out to be able to purchase new equitment, or even afford used equitment.

Does anybody finance new and used equitment(ie lighting board/lights/dimmers)????

we can prob. afford like $200-$300 a month max, but we could spread it over a couple of years.

What are my options??
 

soundlight

Well-Known Member
Joined
Oct 27, 2005
Location
NJ & NYC
Look around for places that are replacing their equipment. The rich places. They'll put thier old boards, often still new technology, away in a closet and not touch them. Ask the right person, and you'll get one for free. Then, go to sites like ebay and get the stuff that the rental houses are moving out, and check places like www.usedlighting.com, www.soundbroker.com, www.solarisnetwork.com, www.gearsource.com, and www.lightbroker.com.

I got a free Colortran Encore 48/96 for my school using the above described technique for free gear.

Par Can fixtures (48's and 56's) are underestimated fixtures. They can be really useful in places where a much more expensive fixtures are often used. Then hunt down used barndoors for free.

You just have to kind of make it your personal vendetta to get new gear. That's what I'm doing this year with my school.
 

Mayhem

Senior Team Emeritus
Premium Member
Joined
Jan 21, 2004
Location
Australia
Most larger vendors should be able to help you with financing equipment but look into the interest that they charge because it may be cheaper in the long run to take out a loan to purchase what is needed.

Also, you are best off to ignore the income of upcoming shows and base your budget on what you could afford to repay if no work is coming in. This way you are not screwed if something happens and a few shows get cancelled or ticket sales are not what you expected.
 

BillESC

Well-Known Member
Joined
Aug 29, 2005
Location
Kilmarnock, VA
We work with several leasing companies for capital projects that may have a product you could use.

A lease to own with a $ 1.00 put might be of interest to your theatre. If you have decent credit it works like this.

On a $ 5,000.00 purchase with a term of 60 months your monthly payments can be as low as $ 114.50. When the last payment is made, the leasing company sends you an invoice for $ 1.00, when paid the equipment is yours.
 

JP12687

Active Member
Joined
Aug 23, 2004
Location
Stamford, CT
bill i was asking for your recomendation on the actual leasing company. based on you z^ing you work with a few of them.
 

BillESC

Well-Known Member
Joined
Aug 29, 2005
Location
Kilmarnock, VA
You can call Chris Rushing at IFC Credit Corp.

888-554-4432, ext. 445

Tell him Bill Cronheim of Entertainment Systems Corporation sent you.