Based on your cash flow stream, the products listed below qualify for the following payment schedules: Skip Payments, Step Payments, Deferred Payments, Harvest Payments, Monthly Payments, Semi-Annual Payments, Annual Payments, and Quarterly Payments.

Capital and Financial Leases

These types of leases allow you to purchase the equipment at the end of the contract period for a specified dollar amount, typically $1.00 or 10 % of the original total equipment cost. For tax purposes, you may treat this type of a lease as you would if you owned the equipment.

Tax Oriented and FMV Leases

These types of leases allow you the option to expense the payments as if you were renting the equipment. At the end of the lease you may purchase the equipment at its Market Value, re-rent the equipment or return it and upgrade to newer equipment.

Trac Lease

TRAC leases are treated as true leases by many lenders for Federal Income Tax purposes. The lender takes the deprecation and passes on the benefit to the lessee in the form of lower payments. TRAC leases are usually written to finance motorized or self-propelled equipment.

Equipment Finance Agreement

An EFA is a loan to purchase equipment as in a sales contract.

To learn which product and payment plan provides you with the greatest advantage, please call and speak with an Associate.