C300: 0% Financing on the C300 MKII Through Canon Financial

M

mitch@provideo

DVXuser Sponsor
We just received the official word from Canon that they are offering both 0% and 1.9% financing options of the new C300 MKII. These are the same great financing options through Canon Financial that have been available on their existing Cinema EOS products. Below is a breakdown of monthly payments for both options.

0% over 24 months- $666 per month
1.9% over 36 months- $458 per month

Also keep in mind that any Canon brand accessory can be bundled with the C300 MKII and will also benefit from the chosen financing option. The application is free and only takes a few minutes to complete and can be found right here. If you have any questions about the process feel free to send me an email at the address below.


Eric Petrie
epetrie@provideoandtape.com
503-598-9142
Finance the Canon C100mkII for $158/month, $0 down
Finance the NEW Sony FS5 for $171/month, $0 down
Apply Now
 
lovecameras said:
Canon ripped me off. Never again.
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Canon Financial ripped me off as well. They lied about the taxes. (told me my state didn't have to pay them) They lied about my balance. They took most of my initial two months payment ($292.00) and applied it to a "processing fee" and taxes, which they initially didn't tell me about. And once I got access to the portal, I found out that you can only make monthly payments there, and the payment they tell you to pay, which by the way was more than my lease agreement stated. Also, you can't pay extra on the lease and if you want to buy-out your lease, you have to email them and wait for "3 business days", which by the way, I've been waiting for 4 days and still have not received the email.

I have no idea on what I will owe, plus I just received a letter stating that I will soon have to purchase their insurance, added to the financed amount of course.

I told them from the beginning that I was going to pay that C100 off within a month and they assured me that there would be no additional fees. My balance would be minus the initial two months payment and that I could pay it off anytime. What a crock! I will NEVER, EVER lease ANYTHING from Canon again! I am mad as hell! I should have waited until the next month and purchased the C100 outright from B&H. I could have gotten a nice lens for the fees, taxes other charges they've stuck me with. BEWARE - YOU HAVE BEEN WARNED!
 



I don't lease cameras, personally. You buy a car because you know you need it, so you often get a loan or lease it. With a camera, you think it will be a profitable investment but you can't be sure (thus it's a bet), which is why I'd be hesitant to buy a camera (make a bet) with money I don't have (a lease).
 
Sorry to hear you are not happy with your lease deal...but I would put most of that on the dealer who executed the lease for you. Yes, you have to pay the sales tax (added to your lease payment each month) that is required by the state you live in and made the purchase from. Also, there is a $65 doc fee that you have to pay sometime during the lease term....even if you do an early buyout. These are standard practices no matter what lease company you are using....and these are all pointed out in the actual lease contract you signed (Faxable Lease Agreement-section 1) and something you should have read and the dealer should have pointed out/explained to you. We explain to any potential lease client that with your lease (2 or 3 year), your first payment will be for 2 payments to start and (if doing the $1 buyout) will add $1 to your last payment. Also, you must provide proof of insurance (within the first 30 days) to cover the equipment during the lease term. If you do not provide proof, Canon Financial will add the insurance to your monthly payment. It is actually Canon Financial's equipment until you pay it off or do an early buyout. Again, all standard lease practices whether you are getting a camera or a car.
I do feel your pain of not knowing about or getting "surprises" with your lease but I'd put a big part of that on the dealer you did business with......

Jim Martin
EVSonline.com
 
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Thanks for the info Jim. I have question pertaining insurance. I've never leased so excuse my ignorance:) Would or could, homeowners insurance constitute as insurance if say you do a % of your work in a home studio?
 
maranfilms said:
Thanks for the info Jim. I have question pertaining insurance. I've never leased so excuse my ignorance:) Would or could, homeowners insurance constitute as insurance if say you do a % of your work in a home studio?
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If you have the camera specifically listed as a rider on your home insurance, yes. I did that with my C100 lease through Texas Media Systems and it was no problem.
 
You will need to double check. Nothing worse than not having the camera covered when you are out and about and suffer a loss. Check with your agent about something along the lines of an Inland Marine Rider. A typical home policy may not cover the loss outside of your home, and you would be left holding the bag on paying off a camera you don't own.
 
Like the guys have said, yes, most of the people I've done leases for put it on their homeowner's policy.....but I'm not an insurance broker so I would say you must contact your agent so he can determine what can work for your specific policy's terms, conditions, and requirements.

Jim Martin
EVSonline.com
 
Generally, homeowners insurance has item limits for electronics like this, ($5000 is the number I've often seen) so usually a personal article's policy rider would be required. I leased my C300 II and canon has a very reasonable insurance plan that covers you during the leasing period. You can provide your own insurance, or they will sign you up for theirs automatically (cost is about the same as my personal articles policy, so I went with Canon's.)
 
Since most of you already have equipment insurance, you simply need to ask your agent to add Canon Financial Services as an "Also Insured" and then forward a copy of Canon Financial Services. Your insurance company should do this for free.

In Texas, we have a full sales tax exemption for Film & TV equipment that most of our customers use.

http://gov.texas.gov/film/incentives/sales_tax_exemptions/

 
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