|
- for the customer who wants to own or have the option to own the equipment under lease.
Benefits Include:
· 100% financing for qualified customers
· Payments customized to meet your cash flow needs
· In most cases you claim the benefits of ownership for tax purposes, including depreciation and interest expense deductions
· Flexible purchase options available
|
Lease Terms |
|
Length |
1 - 5 years |
|
Finance Rate |
Normally fixed (floating rates may be considered) |
|
Purchase Alternatives |
(1) Provision to purchase as low as $1
(2) Option to buy at predetermined price or return machine |
|
100% Financing |
Available for qualified customers |
|
Payment Flexibility |
Monthly, quarterly, semiannual, annual, seasonal, skip and accelerated payments |
- for the customer who desires the lowest possible payments and generally plans to return the equipment at the end of the lease term.
Benefits Include:
· Generally qualifies for off-balance sheet financing
· Provides you with the lowest possible monthly payment
· Frees your working capital for operating needs
|
Lease Terms |
|
Length |
2 - 5 years |
|
Payments |
Generally monthly, although other schedules may be considered |
|
Possible Purchase Option |
Fair Market Value (FMV) purchase option may be included in the contract |
|
Tax Benefits |
Claimed by finance company |
- for the customer who wants to use the equipment and have the option to purchase it at a predetermined price.
Benefits Include:
· Provides you with low monthly payments
· Generally qualifies for off-balance sheet financing
· Frees your working capital for operating needs
|
Lease Terms |
|
Length |
2 - 5 years |
|
Payments |
Generally monthly, although other schedules may be considered |
|
Possible Purchase Option |
Predetermined price |
|
Tax Benefits |
Claimed by finance company |
- for the customer who desires immediate equipment ownership yet wants to pay for the machine over an extended period of time. Trade-ins or down payments are typically included in these transactions.
Benefits Include:
· You may claim the tax benefits of ownership - including depreciation and interest expense deductions
· New and used equipment may be financed
· The installment sale contract is our lowest total cost option for machine ownership
|
Lease Terms |
|
Length (new equipment) |
1 - 5 years |
|
Length (used equipment) |
1 - 4 years |
|
Finance Rate |
Generally fixed (floating rates may be considered) |
|
Down Payment or Trade-in |
Generally required |
|
Tax Benefits |
Retained by Customer |
|
Payment Flexibility |
Monthly, quarterly, semiannual, annual, seasonal, skip and accelerated payments |
- for qualified* nonfederal governmental agencies who desire special low interest rates and flexible finance terms. Please note that you may need voter approval as you would with local bond insurance.
Benefits Include:
· The income we receive is tax-exempt, so we can pass these savings on to you through special low interest rates
· 100% financing is available
|
Lease Terms |
|
Length (new equipment) |
1 - 7 years |
|
Length (used equipment) |
1 - 5 years |
|
Payment Flexibility |
Monthly, quarterly, semiannual, annual, and variable payment plans |
|
100% Financing |
Available to qualified customers |
*Nonfederal government agencies with taxing, condemnation or policy authority qualify for this special plan. City, county and state governments; public authorities; and school, park and water conservation districts are just a few of the various agencies that qualify. | 
