Purchasing/Financing Options

To assist our business customers, we offer four types of finance plans for your new security system.  Our goal is to provide you with the most cost-effective and convenient program to suit your financial needs.  You decide whether to purchase and capitalize the cost, lease the system for a fixed term, owning the system at the end of the term, or renting the system.

 

Outright Purchase

This option provides a purchase plan for the equipment and installation cost that is normally capitalized and depreciated over time.  Typically a down payment is required based on the size of the project.  When the work is completed you have 30 days to pay the balance.  You own the system and pay any property taxes that are assed.  We provide a one or two year limited warranty based on the type of system.  Monitoring services are required during the warranty term of the plan and are paid to Sierra Security Systems on a monthly basis.  After the warranty term you may optionally elect to purchase a maintenance contract for service and repairs, or simply just pay for time and materials.

 

Purchase Plan - 10 Percent

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.  Monitoring services and time and material service and maintenance charges are not included in the plan, and are paid directly to Sierra Security Systems as needed. You can write off these amounts as an expense for both financial and tax purposes.

 

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 purposes.  Monitoring services and time and material service and maintenance charges are not included in the plan, and are paid directly to Sierra Security Systems as needed. You can write off these amounts as an expense for both financial and tax purposes.

 

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 purposes. 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.

 

Maintenance

During the term of the latter three finance plans above, Sierra Security Systems will provide labor to periodically inspect and test the equipment as well as labor to repair equipment due to ordinary wear and tear.   Some exceptions apply such as non-rechargeable batteries.

 

Monitoring

Monitoring services are provided on a month-to-month basis and in all cases are in addition to finance plan payments.  Monitoring in all cases is paid directly to Sierra Security Systems.

 

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