Monday, July 25, 2016
VOLUME -26 NUMBER 6
Publication Date: 06/1/2011
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ARCHIVE >  June 2011 Issue >  Electronic Mfg. Services > 

Manncorp: 13-Payment Equipment Financing
CR-4000T 4-zone lead-free reflow oven is available on new plan.
Willow Grove, PA — An innovative purchase plan allowing customers to own new equipment after making just 13 payments has been introduced by Manncorp. The aptly named "Baker's Dozen" program has the buyer making 12 equal payments and then assuming outright ownership upon making the 13th and final installment.

Henry Mann, CEO, provided a typical scenario of a Baker's Dozen transaction: "A company wants to purchase our best-selling CR-4000T 4-zone lead-free reflow oven. The price is $18,995, simply divided by 12, resulting in a monthly payment of $1,583. A year later, the company makes a 13th payment of $1,583 and then owns the oven." Mr. Mann pointed out that the Baker's Dozen program carries a modest interest rate, which he claims, "is more favorable than cumbersome long-term leasing and many capital equipment loans." Citing other advantages, he added, "Baker's Dozen frees capital instead of tying it up. Requiring no deposit or upfront cash, it allows companies to ramp-up production while conserving cash flow and preserving credit lines. When paid off, there's clear sailing ahead as anticipated production efficiencies are realized with no debt load."

The program is available to qualified U.S.-based companies on all Manncorp products priced above $10,000.

Contact: Manncorp, 2845 Terwood Rd., Willow Grove, PA 19090 800-745-6266 or 215-830-1200 fax: 215-830-1206 E-mail: sales@manncorp.com Web:
http://www.manncorp.com

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