Jupiter's Preferred Option Lease is unique for three important reasons which combined, offer music educators the most advantageous lease/purchase program available today.

Affordability:
The Jupiter Lease Plan offers the most competitive and affordable plan of any available to schools. Jupiter's tremendous price advantage, combined with the lowest lease rates available, offer your program the benefit of high quality instruments at the lowest possible cost. When compared to other lease plans, you will find you are able to obtain additional instruments with the Jupiter plan for the same amount of money.

Flexibility:
The lease is structured to comply with the termination provisions required by most states, so that in the event funds are not renewed, schools can cancel the lease agreement after each current budget year without obligation, regardless of lease term.

Ownership:
Upon Jupiter's receipt of your final scheduled lease payment, the instruments become the property of your school. No additional payments or fees are due.

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• The instruments will be owned by the school upon Jupiter's receipt of the final scheduled lease payment.
• This is the opportunity to acquire needed instruments immediately with minimal capital investment and low annual payments.
• Leasing offers an inflation fighting method of acquiring the instruments you need for the future at today's prices.
• All Jupiter instruments included in the lease are protected by the full Jupiter warranty program as if purchased.
• Jupiter's lease plan meets most states' criteria for annual funding.
• If you decide to pay off your lease early, you can take advantage of additional discounts.

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Who can enter into a lease?
• Public Schools and Public School Districts
• Incorporated Band Booster Clubs & Parent Associations
• Private Schools
• Colleges and Universities
• Church Groups
• Incorporated Local and Community Bands
• Industry-Sponsored Music Programs

 

Can school systems pay interest?
School systems pay interest on leased or financed equipment for school buses, computer systems, and other major equipment needs. What most school systems are not allowed to do is enter into a traditional installment sale transaction that would require the school to commit to future payments beyond their current budget year. With the Jupiter lease program, the school has the option of making scheduled lease payments beyond the initial budget year, however, if funds are not allocated to make these payments, a termination clause exists that allows the school to return the instruments to Jupiter upon the expiration of their current lease term with no further financial obligation.

 

When are lease payments due?
The first lease payment should be forwarded to Jupiter with the signed lease contract. Future lease payments are due annually on the anniversary of the delivery date until the completion of the lease term.

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Contact Jupiter's Customer Service Department and prepare a list of instruments, regardless of purchase price, that meet your anticipated needs for the next several years. The Customer Service agent will prepare a lease proposal based on this list and work with you to insure that the annual lease payment fits into your current operating budget.

When you have finalized a specific lease proposal with Customer Service, then you should have a school official sign the proposal, indicate the length of term desired (3 or 5 years) and return the document to Jupiter's Customer Service Department.

If you are a band booster group, private school, or church group you will also be asked to provide additional financial information in conjunction with the signed lease proposal.

Upon Jupiter's receipt of the signed proposal, a formal lease contract will be prepared by Jupiter and mailed to you for signature. This lease should be signed by an authorized school agent if the lease is with a public school, or two board members if the lease is with a Band Booster of similar type group.

Upon Jupiter's receipt of the signed contract and the first lease payment, the instruments will be shipped, prepaid, to the shipping address designated on the contract.

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