Andamiro USA Corp. has announced the rollout of its first-ever equipment leasing program that puts three of its newest machines on location at affordable monthly payments. The program allows operators to acquire the latest top-earning games, along with a novel redemption kiosk, with low monthly payments and no money down.
Games in this groundbreaking leasing program are:
- Prize Aquarium, an instant-redemption piece that dispenses 4" capsules (with tickets or merchandise), for 36 monthly payments of $105.86. That translates to only $25 a week.
- Safe Cracker, Andamiro's flagship prize merchandiser, for 36 monthly payments of $148.71. That's just $35 a week.
- The Redeem Machine, a self-service kiosk that validates collectible redemption cards, character coins and chips, for 36 monthly payments of $181.48. That's $42 a week.
Each of these 36-month options has low residual purchase option at the end of the lease. Purchasers can decide on other monthly terms and conditions, however, which can be tailored to fit the operator's cashflow needs and change (or eliminate) the residual value.
"Operators often count on equipment leasing and financing options as much as they do on product innovation to keep their gamerooms and routes up to date," said Andamiro USA senior sales director Tony Maniscalco. "Leasing is a sensible financing tool because it frees up the operator's cash, conserves his credit lines, and gives him flexibility and predictability."
Firstlease, a subsidiary of Firstrust Bank, will underwrite the Andamiro lease agreements. Firstlease has broad financial expertise in the amusement and vending industries. "We are pleased to work with Andamiro USA, its distributors and the operating community to offer leasing packages that will enable amusement operators to put Andamiro products into service right away," said Firstlease senior business development officer David Maschke. "This is our first offering for Andamiro products, and we're especially excited to support Andamiro's first-ever leasing program."
In most cases, Firstlease can approve an equipment lease within two hours of filing, subject to credit approval. Freight, applicable taxes and a document fee are not included and will apply. This program is available through participating Andamiro distributors.
Founded in 1999 and based in Horsham, PA, Firstlease is a full-service lender to small businesses in more than a dozen industries that need access to capital to keep their operations optimized. Firstlease specializes in providing same-day approvals for transactions up to $500,000. Its parent company, Firstrust Bank, is a $3.2 billion, multi-generation family-owned commercial bank with 18 branches and more than 400 employees that has served the Philadelphia region for 85 years.