[Lnc-business] FW: requesting copies of copier/postage meter leaseagreements

[Alicia Mattson]

For the copier, it appears that:

The dealer listed the price of the copier as $11,160 (which is a little
higher than buy-on-internet market where prices around $9k can be found).
And there's a reference indicating that price factors in a trade-in of a
previous model at a value not specified.

But we didn't outright buy it.  Over 60 months, we're paying $508.24 per
month, which adds up to $30,494.40 over the life of the agreement.

That does not include maintenance, repair, and supplies which are paid for
separately at a rate of just under $0.01 per page black and just under
$0.08 color.

And at the end of the lease, as a reward for our paying triple the purchase
price of the machine over 5 years, we have the option of buying the machine
not for $1.00, not for a discounted rate, but at "fair market value" as
determined by the lease company.

If I set up my amortization table correctly, if we had a zero balance due
at the end of the term, that would imply an interest rate of between
49%-50% APR.  The real interest rate is higher than that because we still
owe something at the end, and I don't know that dollar amount so I can
adjust for it.

Is my math right?

-Alicia




On Wed, Nov 11, 2015 at 12:33 PM, Alicia Mattson <agmattson at gmail.com>
wrote:

> Perhaps to help us get a feel for the type of equipment we're talking
> about, I suggest that someone in the office with a cell phone camera just
> take a quick picture of these items and email them to us.
>
> -Alicia
>
>
>
>
> On Wed, Nov 11, 2015 at 12:10 PM, Alicia Mattson <secretary at lp.org> wrote:
>
>> I was sending them off-list as Mr. Sarwark's message came out.
>> Re-forwarding to the list now.
>>
>> -Alicia
>>
>> ---------- Forwarded message ----------
>> From: Wes Benedict <wes.benedict at lp.org>
>> Date: Wed, Nov 11, 2015 at 9:01 AM
>> Subject: Fwd: FW: [Lnc-business] requesting copies of copier/postage
>> meter leaseagreements
>> To: LP Secretary <secretary at lp.org>
>> Cc: Robert Kraus <robert.kraus at lp.org>, Nicholas Sarwark <chair at lp.org>
>>
>>
>>
>>
>> -------- Forwarded Message -------- Subject: FW: [Lnc-business]
>> requesting copies of copier/postage meter leaseagreements Date: Wed, 11
>> Nov 2015 09:07:42 -0500 From: Robert Kraus <robert.kraus at lp.org>
>> <robert.kraus at lp.org> To: chair at lp.org CC: 'Wes Benedict'
>> <wes.benedict at lp.org> <wes.benedict at lp.org>
>>
>> FYI attached.
>>
>>
>>
>> Live Free!​​​​
>>
>>
>>
>> *Robert*
>>
>> Robert S. Kraus - Dir of Operations
>> Operations at LP.org
>> Libertarian National Committee
>> Ph: 202.333.0008 x 231
>>
>>
>>
>> Join today: https://www.lp.org/membership
>>
>> LP FB Page: https://www.facebook.com/libertarians
>> size=3 width="100%" align=center tabindex=-1>
>>
>> *From:* Lnc-business [mailto:lnc-business-bounces at hq.lp.org
>> <lnc-business-bounces at hq.lp.org>] *On Behalf Of *Alicia Mattson
>> *Sent:* Tuesday, November 10, 2015 11:36 PM
>> *To:* lnc-business
>> *Subject:* [Lnc-business] requesting copies of copier/postage meter
>> leaseagreements
>>
>>
>>
>> I'm requesting that scans of the executed lease agreements for the copier
>> and postage meter referenced in the Audit Committee report be emailed to
>> the LNC in advance of this weekend's meeting.
>>
>> Thank you,
>>
>> Alicia
>>
>>
>>
>>
>
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