When you lease the equipment, we amortize the cost of hardware over a 2 year period and charge you on a per media package basis. The amount charged per package is divided by the number of media packages expected to be sold over the next two years. Proof of the video/photo sales volume of the previous two (2) years is required for approval of the lease.
Note that the hardware lease option is not available for the Basic Photo and Basic Video media packages. The lease option is only offered for Full Social Media and Premium Social Media packages.
A deposit of at least 80% (Hardware cost * .80) of the cost of the hardware in the form of media package credits is required for deployment. The full amount of this deposit is applied towards media package credits as described on revl.com/pricing.
How to Calculate Lease Price
You can calculate a rough estimate of how much the lease costs by following the steps below. Before you start, calculate how much hardware you need and the total cost of that. You can see hardware prices and a calculator by clicking the link below.
Find your expected video/photo volume per year
Calculate total Revl hardware cost
Calculate lease price per media package sold
We amortize the cost of hardware over a 2 year period and charge you on a per media package basis.
(hardware cost) / (2 years * volume)
Example: $8,355 / (2 * 4000) = $1.34
Add lease per media package to base price:
Full Social Media Package - $10
(base price) + (lease price)
Example: (10 + 1.34) = $11.34
Premium Social Media - $12
(base price) + (lease price)
Example: (12 + 1.34) = $13.34
Video Credit Deposit
A deposit of at least 80% (Hardware cost * .80) of the cost of the hardware in the form of media package credits is required for deployment. The full amount of this deposit is applied towards media package credits at the cost per the table above.
ADDITIONAL TERMS FOR HARDWARE LEASE
We understand the seasonality of your business, the impact weather can have on your cashflow, as well as the wildly ranging expenses your business can face over the course of a year or season. That's why Revl decided to not charge a flat monthly fee for the hardware lease and instead we charge per media package sold. By including the hardware lease fee on each media package, we are only charging you when you are making money; i.e. selling videos and photos.
The lease is done directly with Revl. No credit history or credit verification is required. There is no interest charge and no additional fees.
After the first year or season, the cost per media package is adjusted depending on how much has been paid off from the lease amount. This means that if the video sales volume on the first year/season was a lot higher than expected, the price per media package will be reduced for the next year/season to make sure you do not overpay for the hardware.
On the other hand, if the video sales volume is less than expected for the first year/season, the price per media package will be increased for the next year/season to make sure the hardware cost is fully paid off within a 2 year period from the date of deployment.
Once the hardware is fully paid off, the price per media package goes back down to the base price as listed on revl.com/pricing.