Whether you are an established business or start-up, we offer a comprehensive range of financing options in both the U.S. and Canada to suit your specific needs. International Link has partnered with industry leading equipment finance companies specifically serving the sewer, industrial vacuum and hydroexcavation markets. Our finance equipment specialists can offer a suitable financing or leasing option that fits the nature of your work and business structure. Contact us today to find out what types of programs are suitable for you with an approval in as little as 48 hours. Some of our most popular financing options are listed below.
Equipment Financing Options
Loan & Security Agreement
An agreement in which the lender finances your purchase of equipment on a fixed rate basis. With a loan, you know exactly what your monthly payment will be based on your current cash flow.
A lease in which there is a fixed purchase option at the end of the lease term. The ownership and tax benefit pass to you immediately upon execution of the lease documents. You will take the depreciation benefits from the lease. Typically there is no residual amount due at the end of the lease and you will own the unit at the end of the lease term.
A lease on vehicles intended for commercial use more than 50% of the time. You have the option of buying the leased vehicles at a predetermined price when the lease term expires. The equipment financing company retains the depreciation benefits and passes the tax savings along to you in the form of lower lease payments. Lease payments are fully tax deductible by the lessee.
TRAC Lease Benefits:
Modified TRAC Lease
Very similar to the TRAC lease, the Modified TRAC also provides a residual as well as offers you ownership opportunities at lease end. The Modified TRAC lease generally qualifies for true off-balance sheet treatment.
A lease on any vehicle or equipment that provides no fixed purchase option at the end of the lease term, other than the Fair Market Value (FMV). Fair Market Value is the value of a piece of equipment if the equipment were to be sold in a transaction determined at arm’s length, between a willing buyer and a willing seller, for equivalent property and under similar terms and conditions. Ownership of the equipment is retained by the equipment finance company. Mileage caps may apply.
Less Initial Expense & Investment
Avoid writing an upfront check for the full equipment cost and all associated taxes and fees. An optional down-payment allows you to grow your business with flexible extended terms that provide you with lower monthly payments and lower monthly cash outlay. Financing allows you to match the cost of the equipment with the revenue you expect it to generate.
Your monthly payments may be tax deductible and even written-off faster than standard depreciation schedules. Your sales tax can also be paid over the course of the finance term in lieu of an upfront payment. Consult your tax preparer/adviser before making a purchase.
IRS Section 179
Stay up-to-date with Section 179 of the IRS tax code by visiting the IRS website and other additional helpful sites such as www.section179.org. In the past few years, government programs have been created to help jump start the economy that have allowed 50 to 100% depreciation for equipment in the year that it was purchased and placed into service providing a substantial benefit to your bottom line.
Call (856) 599-4838 today to discuss which financing option is best for you.