Art Leasing with OC Contemporary Gallery

OC Contemporary Gallery offers the very best in fine painting, sculpture, and collectibles and much more carefully selected from domestic and international art markets. We offer one week trial period in, which the lessor has the ability to live with a work of art in their own home or office space free of charge. After this period the client has the opportunity to enter a rental contract or to purchase a work of art. Although you can rent any work of art for as many three-month rental terms as you like, at the end of each rental term you have the option to buy the work. In each case, OC Contemporary Gallery will apply 50% of the rental fees paid toward the purchase price.

 

Create new views at home

Leasing a work of art provides an easy way of experiencing a work of art on an intimate level and creating an atmosphere. Low monthly pricing and in-home consultation makes it easy to find the artwork which best suits your space.

 

Professionalize your workspace

Artwork adds a sophisticated finish to an office and creates a professional atmosphere. Renting art allows our corporate clients to enhance their offices with the work of some of the renowned international and finest local emerging artists. In addition, businesses can treat the cost of renting artwork as an operating expense and reduce their taxes.

 

Art leasing is becoming a popular method of resource utilization because it offers a number of advantages over more traditional alternatives such as cash purchase or bank financing. Some of the advantages of leasing art are:

 

Conservation of Capital

The capital conserved while leasing art as an operating expense can be utilized for other capital expenditures. The average return on capital can range from 10% to 25% after taxes.

 

Conservation of Credit

A lease is not a loan. Borrowing reduces lines of credit. Leasing is an operating expense and grants the customer increased borrowing capacity.

 

Off balance Sheet financing

An operating lease keeps the debt, and the corresponding asset, off the company’s balance sheet.

 

Tax Benefits

A lease can allow up to 100% of the monthly payment to be included as an operating expense. Bank financing would allow only the interest costs to be included as operating expenses. It is advised to check with your tax advisor to determine how this can lower pre-tax income and reduce taxes.

 

Flexible Financing

Leasing provides fixed rate financing with specially structured terms to accommodate the specific needs of the company.

 

Flexible Lease Structure

We offer flexible leasing options and consultation to meet business’s unique needs.

 

Why lease? Leasing offers fixed regular payments, conserves both working capital and lines of bank credit, and offers tax advantages.

 

Who can lease? Any collector, company, organization, association or self-employed individual.

 

What is the process for leasing art? We review the credit information supplied on the lease application. Upon approval, the lease agreement is prepared. When the art is delivered, billing commences for the agreed upon lease payment.

 

Is a down payment required? A security deposit, usually equal to two months’ payment, is generally needed.

 

Rental Policies

OC Contemporary Gallery leases art to businesses and private owners internationally. 50% of rental fees paid on a work of art can be applied to the purchase price of the work.

 

For our corporate clients, we also offer on-site consulting services.

 

To learn more about our rental services, call us at 888-948-0086 or email us on our website.

 

How are lease payments determined? Monthly payment is based on the term of the lease, price of the art and type of leasing plan chosen.

Purchase Price Rental price for three months period:

Purchase Price

Percentage of Price for Payments

Less than or equal to $249

30%

$ 250 – 499

29%

$ 500 – 749

28%

$ 750 – 999

27%

$ 1000 – 1499

26%

$ 1500 – 1999

25%

$ 2000 – 2499

24%

$ 2500 – 2999

23%

$ 3000 – 3499

22%

$ 3500 – 3999

21%

$ 4000 – 4499

20%

$ 4500 – 5999

19%

$ 6000 – 6499

18%

$ 6500 – 6999

17%

$ 7000 – 7499

16%

$ 7500 – 7999

15%

$ 8000 – 8499

14%

$ 8500 – 8999

13%

$ 9000 – 9499

12%

$ 9500 – 9999

11%

$ 10000 +

10%

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