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financial solutions
Which is right for your business?
New Tec offers a variety of financing solutions to meet your business needs. Once the correct specifications of your equipment have been determined, the next step will be exploring the best financing options that best fit your business plan. Most equipment, if not purchased outright, is financed with some type of financial agreement such as an existing line of credit. However, as an alternative, outside financing can be a better option. With the utilization of outside financing options, you can preserve credit lines for other targeted capital expenditures as you grow your business.
LET'S WORK TOGETHER
Key factors to consider when selecting the right financing options.
- Consider how long the financing arrangement is structured to last.
- Understand the total costs associated with each type of financial method to ensure you make the best decision for your situation. Such costs could include interest rates, buy-out fees, usage fees, repair and maintenance fees, documentation fees, etc.
- Recognize what you feel is the best level of risk that you are willing to take on with the highest return.
FINANCE LEASE
This is a great option for those who want immediate ownership of the equipment with the flexibility to pay for the equipment over an extended period of time.
- Own the equipment while conserving the capital of the equipment
- Save time on budgeting with level payments
- May establish a predetermined “balloon” payment at lease-end
- A great way of safeguarding customers’ line(s) of credit
- Easier early pay-off
OPERATING LEASE
Needing equipment but not wanting the responsibility of ownership of the equipment? Our operating lease is an ideal route to select.
- Affordable low monthly payments
- The lease is structured to match the economic life of your specific application
- Tax benefit by having the ability to deduct your payments as operating expenses during the period that you paid them
- Conserve cash and lines of credit
Short-Term Rental.
- Ideal for your seasonal equipment needs
- Turn-key solution for short-term projects that encompasses a duration of time up to a year or less
- Obtain dependable equipment with no financial commitment during the off seasons
- Financial benefits that allow the customer to write off the entire monthly payment
- Flexibility in equipment exchange with new terms as the job site’s equipment needs change
Full Maintenance Lease.
- Long-term equipment needs that accommodate the job site requirements. Contractual agreements range from 1 to 5 years.
- Financial benefits that allow the customer to write off the entire monthly payment
- Scheduled maintenance service fees are waived on the reliable piece of equipment. The customer will be billed for repairs outside of regular wear and tear.
- Establish monthly payments that are lower than the short-term rental and set dependent upon the work environment and workload.