OpenTech Alliance has been providing leasing since 2004. Working with our 3rd party leasing partners, we have successfully provided leasing as alternative financing options to our customers. Establishing a lease for the acquisition of the INSOMNIAC enables Self Storage owners to eliminate the need for any large capital expenditure and provides for not only an additional line of credit but an off balance sheet item. The entire lease payment, when structured as an operating expense, is tax deductable.

Leasing is used by almost all the world’s leading corporations. It makes sense to use leasing as part of your business strategy.

Advantages of Leasing

• Lease terms from 24 to 60 months.
• $1 buyout at end of Term.
• First and last month payment due at lease signing.
• Easier than a typical bank loan.  
• Quick approvals with minimum paperwork.
• Does not expend reserves or tie up bank lines of credit.
• Financing can include equipment, freight costs, and Setup, Training and Customization Service.
• Improvements in NOI can offset lease payments.
• Potential Tax benefits