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Financing Your Purchases!
Altec Capital makes it easy to finance your purchases
For more than 18 years, Altec Capital has been creating value for their customers through personalized financial services and solutions. Founded on the Altec Values, Altec Capital is invested in the success of every customer. Their mission is to exceed customer expectations while building long-term customer relationships. Altec Capital offers competitive and creative financing solutions to minimize your out of pocket expense, allowing you to invest more capital into growing your business.
Altec Capital Services is also pleased to offer consumer financing for your auction purchases made at J.J. Kane events, extending credit to buyers of pre-owned autos, trucks and equipment.
Types of Leases
The three most commonly used leases are:
- $1 Buy-Out Lease: This is similar to a conventional loan, in which the borrower owns the equipment at the end of the lease term.
- TRAC Lease: The borrower makes a monthly lease payment, and at the end of the lease term the borrower has the option to buy the equipment for a set percentage (typically 20%) of the total lease amount.
- Fair Market Value (FMV) Lease: FMV leases are often used for new equipment purchases and are essentially long-term rentals. The FMV lease is written with the intent of the borrower returning the equipment at the end of the lease term. The borrower does have the option to extend the term month-to-month or purchase the equipment.
Of these three options, the $1 Buy-Out and TRAC leases are best choices when financing used equipment.
Altec Capital Services offers a quick and easy credit process, and flexible and affordable finance options.
For more information call (888) 408-8148 or email email@example.com