Law Enforcement

Agency Lease Programs

Smith & Wesson now offers programs which make it easier than ever to finance your equipment purchases! With the widest selection of financial options available, we can custom fit a program and package which fits your budget.

Leases

The Smith & Wesson Lease Program, with an option to buy, allows a department to obtain new firearms and expense the cost as part of their normal operating budget. This program eliminates having to capitalize new equipment purchases. This program also eliminates the problems associated with resale or disposal of existing firearms. The program can be written for two, three or four years depending on the quantity of firearms to be leased. The interest rate is equal to prime rate. The lease is also designed to allow for trade-in firearms.

If you wish to provide information, a lease quote can be worked up for your department. Please note that if Smith & Wesson does provide a lease quote and your agency decides not to lease, Smith & Wesson will not quote any other pricing on firearms. Your department will be referred to the distributor covering your area. The quote is only valid for 90 days due to price fluctuations in new and trade-in firearms. Trades are allowed only on firearms and does not apply to any other Smith & Wesson products.

The process is as follows:

You decide which firearm product(s) you desire and the quantity; Smith & Wesson can then determine the number of years for your lease. (5 – 20 firearms = two-year lease) (21 – 150 firearms = three-year lease) (151+ = four year lease) All lease payments are made quarterly. The interest rate charged is the current prime rate at the time a lease is signed.

The total cost of the firearms is determined, then any trade-in allowance is deducted to find the lease figure. The lease is then calculated using the number of payments and the interest rate. The lease is calculated two different ways to give your department more flexibility. In the 1st method the lease is done with a $1.00 per gun buyout at the end of the lease. This means that your department can purchase the firearms for $1.00 per gun or return them to Smith & Wesson. The 2nd method is calculated with a 20% buyout at the end of the lease. What this does is reduce the dollar amount of the quarterly payments because of the higher outstanding balance. Again, at the end of the lease, the firearms can be purchased for the 20% figure or return them and lease new weapons.

Advantages of leasing your equipment:

LOW payments spread over and up to four years! (lease options dependent on volume)
Payments expensed as part of your operating budget, not capitalized as major equipment purchase.
Keep your equipment up to date at all times - choose among the latest models when time to renew your lease.

No disposal or resale problems! Used guns are returned to S&W at end of lease term, or may be purchased by departments for residual value – your choice!
Option to buy out gun for only $1.00 at lease end!

The S&W Equipment Lease Program applies to these Smith & Wesson L.E. products: Firearms.

For more information regarding the S&W Law Enforcement Equipment Lease Programs available, call Smith & Wesson Customer Service at 1-800-331-0852 or contact your LE Regional Sales Manager.

Trade In Program

Have an existing fleet of weapons you need to convert into new Smith & Wesson products? Our trade in specialists can help you finance your next purchase all or in part by trading your existing inventory. With distributors in 126 countries, Smith & Wesson can also find authorized police, military, and security buyers so that you don’t have to be concerned about your used guns.