Frequently Asked Questions

What is the Lease Option for my ODMB solution? How does it work?

Should you choose to lease your ODMB Solution, Coates will ship and install your ODMB Solution with no payment due upfront. After your ODMB is installed, you will begin making monthly lease payments over a 5 year term to Huntington Technology Finance.

Who is Huntington Technology Finance?

Huntington Technology Finance ‘HTF’ is the largest independent lessor of technology in the United States. HTF’s parent company is Huntington Bancshares, a publicly traded (Nasdaq: HBAN), investment grade rated bank founded over 150 years ago.

What are the benefits of leasing my ODMB solution?

• No upfront payment

• Lower cost of ownership vs. directly purchasing the equipment

• Predictable monthly payment

• Flexibility at the end of your lease term

Is Leasing the only option for acquiring my ODMB?

No, leasing is not the only way you can acquire your ODMB.  You can choose to lease your ODMB, receiving the benefits as outlined above, with one lease payment per month and no upfront payment.  Or, you can choose to directly purchase your ODMB by making an upfront payment for the total cost of your solution upon installation.

What is my monthly lease payment? What is the implicit interest rate for my lease?

Your monthly lease payment can be found in the lease proposal you have received from HTF via DocuSign (on page 1).  The detail of your ODMB solution can be found on page 2 of your lease proposal. The implicit interest rate for your lease is 4.48%.

What are my options at end-of-lease?

• Extend the lease either month-to-month or for a fixed term of 6 months or more.  For any fixed term extension, your monthly payment will be based on the fair market value of the equipment at that time. You can continue to extend your lease for as long as you choose.

• Obtain ownership of your ODMB solution. The buyout amount will be equal to the fair market value of the equipment at that time. Fair market value is defined in your lease agreement.

• Refresh your ODMB system with all new components (including applicable manufacturer’s extended warranties) and enter into a new 5 year lease agreement.

How do I manage my account with HTF?

Using our Self-Service portal, you can view details of your lease, obtain copies of invoices, update your banking details, and make inquiries to the Inspire support team at HTF.

I have additional questions, how can I reach HTF?

You can contact us by selecting the green “Contact Us” button at the bottom of the screen to send us a message. You can also email us directly as inspire.support@huntington.atlassian.net

How do I enroll in the leasing program?

Once you are ready to enroll in the Equipment Leasing Program, use the ‘Get Started’ button above to begin your enrollment.