Equipment Finance Agreement "EFA"

Equipment Finance Agreement or “EFA” is an exciting new alternative to leasing equipment. Many people equate car leasing with equipment leasing, when in fact they are very different. Many people have had to deal with surprise residuals and buyouts. EFA eliminates all the surprises. To own the equipment after leasing, it typically requires a large “residual payoff” sometimes up to 20% residual due at the end of the lease term. As a result, some customers have a negative view of leasing. If you have a customer that has doubt about “Equipment Leasing” this is alternative Solution.

 

Benefits of EFA:

• Allows you to own the equipment or trucks from the beginning.

• EFA does not have a balloon or surprise residual at the end of your term.

• You control the payment of sales tax related to the equipment as oppose to lender charging interest for collecting taxes on your behalf.

• Documents in plain English, no long contracts. Sometimes no pre-payment penalty.

• EFA lowers monthly payments since sales tax not contained in the monthly payment.

• You can elect to depreciate or take one time tax write off under Section 179.

• No Age Restriction on Used equipment to well qualified asset & credit strength.

• Terms up to 60 months and special terms available such as 120 day deferral & skip payments.

• No RESIDUALS & MILEAGE restrictions

• 100% Pre-Funding or progress payment prior to delivery.

• Better than Dollar ($1) Buyout or FMV buyout.

Of course the main benefit associated with EFA is to reduce capital outlay. Usually just one advance payment is required to start. We have 6 months deferral, seasonal, and skip payment programs. We strive to have your customer put as little capital as possible so they can start utilizing equipment and profiting from it.

 Trust. Integrity. Honesty.

To talk to your personal Account Manager please call

local line 619-358-9993 or fax completed application 866-780-8363