Financing and Leasing Programs
Financing and Leasing Programs
Operating Lease
This program works for the customer who wants to expense the total payment monthly, commonly known as “off-balance-sheet” financing. Terms range from 36-84 months with fixed rates well below the prime rate. We currently offer rates from 0-10% depending upon the term. Per IRS rules, the purchase option must be at a fair market value at the completion of the term, or you may return the equipment with no further obligations.
Finance Lease
This program works for the customer who would like to retain tax benefits (depreciation) associated with the purchase of capital equipment. Terms range from 36-60 months and we currently offer a fixed rate based on the prime rate. If you choose to purchase the equipment at the end of the term, a fixed purchase option is available for $1.00 or 10% of the original cost of the equipment or you may return it with no further obligation.
Sale / Leaseback
The Sale / Leaseback allows a company to unlock some valuable cash / working capital from equity it may currently have in a piece of equipment. TFS would purchase the equipment and lease the machine back to the original owner, who continues to use the equipment and pay a monthly lease payment. A Sale / Leaseback offers tax advantages to fully depreciated assets. Lease payments can be expensed and this transaction may be kept off of your balance sheet.
Conditional Sales Contract
Companies are offered finance contracts to give them the ability to own equipment: without using their working capital to do so. Our conditional Sales Contract can provide a fixed interest rate or a floating rate based on either treasury bills or the prime rate. Terms may vary from 12-84 months, depending upon your needs.
