Financing Your Purchases
Altec Capital makes it easy to finance your purchasesFor 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.
Apply Now:Click Here to apply for credit online, through a secure portal. Download a simple, 1-page credit application to complete and return.
Types of LeasesThe 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.