New Idea Inc.

Terms and Conditions for Sale of Equipment

New Idea, Inc. produces most machines one at a time for customers. Each machine is built to the customer's specifications and requirements. Therefore, the following conditions and terms must be met for all machines purchased.

 

TERMS:     Normal terms for purchasing equipment are:

All Customers: Return a signed quote to New Idea, Inc. accepting the contents of the quote document; and fifty (50) percent not-refundable down payment with balance to ship. 

 

Terms and Conditions for Acceptance by New Idea, Inc. of Lease Company Purchase Orders:

The following conditions must be acceptable to Lease Company desiring to lease equipment manufactured by New Idea, Inc.:

 

a.    Conditions Acceptable for Lease:

1. 1. New Idea, Inc. must have a signed quote, accepting the contents of the quote document from the purchaser (Lessee).
2. 2. Lease Company must have all paperwork required for a lease, signed by the Lessee.
3.  

b.    Delivery and Acceptance:

1. 1. New Idea, Inc.'s machines do not require any formal installation.
2. 2. The only acceptable reason for not accepting equipment is if said equipment is damaged “beyond repair” in shipment. New Idea, Inc.’s “Standard Warranty Policy”, apply to all other situations.
3. 3. Equipment remains the property of New Idea, Inc. until balance owed is paid-in-full.
4.  

c.    Terms of Standard Lease and Payment.

1. 1. A fifty (50) percent, non-refundable, down payment on the total quoted price is required.
2. 2. Lease Company will issue a "Purchase Order" to New Idea, Inc. for balance owed.
3. 3.Lease Company will release balance payment to New Idea, Inc. at least three (3) working days prior to the release of the equipment for shipment.
4.  

If these terms are acceptable to your Leasing Company, then New Idea, Inc. will accept a Leasing Company Purchase Order for the equipment.