Equipment Cost Yearly Maintenance Fee - Geneva Capital, LLC · 2016-03-17 · Leasing allows public...
1
Carl Langner Your equipment finance solution. Geneva Capital, LLC 522 Broadway Street, Alexandria, MN 56308 p 320.759.3588 c 320.815.2546 f 320.762.8402 National Sales Manager [email protected] | www.gogc.com Apply Now! PAYMENT ESTIMATOR $1 BUYOUT TAX EXEMPT OPTION BENEFITS Enter your equipment cost below to calculate your estimated range of monthly lease payments. For your convenience, we’ve shown approximate payment ranges for 36, 48, & 60 month terms (24 & 72 month terms available). This calculation is based on the information you entered & should only be used for general quoting purposes only. Your individual payments will be based upon credit & equipment approval. Actual down payment & resulting monthly payments will vary. Check with your Elgin Representative or Elgin Dealer for exact monthly payments. Fast, simple & cost effective. Lease approvals and documentation are very inexpensive to initiate. 100% financing to include delivery and installation costs. Tax-exempt interest. Lease payments include principal and an interest portion. The IRS has determined that interest paid in this manner is exempt from federal and state income tax. This means the municipality can take advantage of lower interest costs. No debt created. Lease payments are subject to annual appropriations, which means, the obligation is not subject to statutory debt limitations. Since no debt is created, municipal leases do not require voter approval. Budget enhancement. Leasing allows public agencies to acquire needed improvements now rather than wait until next fiscal year or beyond. Flexibility. Payments may begin upon installation or deferred. In addition, they may be made in monthly, quarterly, semi-annual or annual installments. Equipment Cost Yearly Maintenance Fee Lease Term: Lease with Balloon End of Lease Option (%) Balloon Payment Estimated Payment Range: 36m 48m 60m to to to Lease with $1 buyout 36m 48m 60m to to to $1 $1 $1 $1 $1 $1 vs. *Equipment Cost: You must include the total equipment cost & installation/set-up fees for this to be included in the term. *Maintenance: This fee will be included in the total cost & based on the term of the lease. No interest is charged on the Maintenance Fee. *Estimated Payment Range: We supply leasing for all credit classifications so a range is necessary. We will determine where you are classified upon approval. *Reset: Click the reset button to clear teh calculator & start a new estimate. *Interest rates are tied to the federal funds rate & are subject to change. INTEGRITY | INNOVATION | EXCELLENCE | SERVICE PAYMENT ESTIMATOR LEASE MUNICIPAL/GOVERNMENT
Transcript of Equipment Cost Yearly Maintenance Fee - Geneva Capital, LLC · 2016-03-17 · Leasing allows public...
Carl Langner
Your equipment �nance solution.
Geneva Capital, LLC522 Broadway Street, Alexandria, MN 56308p 320.759.3588 c 320.815.2546 f 320.762.8402
National Sales Manager
[email protected] | www.gogc.com
Apply Now!
PAYMENT ESTIMATOR $1 BUYOUTTAX EXEMPT OPTION
BENEFITS
Enter your equipment cost below to calculate your estimated range of monthly lease payments. For your convenience, we’ve shown approximate payment ranges for 36, 48, & 60 month terms (24 & 72 month terms available). This calculation is based on the information you entered & should only be used for general quoting purposes only. Your individual payments will be based upon credit & equipment approval. Actual down payment & resulting monthly payments will vary. Check with your Elgin Representative or Elgin Dealer for exact monthly payments.
Fast, simple & cost effective. Lease approvals and documentation are very inexpensive to initiate. 100% financing to include delivery and installation costs. Tax-exempt interest. Lease payments include principal and an interest portion. The IRS has determined that interest paid in this manner is exempt from federal and state income tax. This means the municipality can take advantage of lower interest costs. No debt created. Lease payments are subject to annual appropriations, which means, the obligation is not subject to statutory debt limitations. Since no debt is created, municipal leases do not require voter approval. Budget enhancement. Leasing allows public agencies to acquire needed improvements now rather than wait until next fiscal year or beyond. Flexibility. Payments may begin upon installation or deferred. In addition, they may be made in monthly, quarterly, semi-annual or annual installments.
Equipment CostYearly Maintenance Fee
Lease Term:
Lea
se w
ithBa
lloo
n
End of LeaseOption (%)
BalloonPaymentEstimated Payment Range:
36m
48m
60m
to
to
to
Lea
se w
ith$1
buy
out 36m
48m
60m
to
to
to
$1
$1
$1
$1
$1
$1
vs.
*Equipment Cost: You must include the total equipment cost & installation/set-up fees for this to be included in the term.*Maintenance: This fee will be included in the total cost & based on the term of the lease. No interest is charged on the Maintenance Fee.*Estimated Payment Range: We supply leasing for all credit classifications so a range is necessary. We will determine where you are classified upon approval.*Reset: Click the reset button to clear teh calculator & start a new estimate.*Interest rates are tied to the federal funds rate & are subject to change.
I N T E G R I T Y | I N N O V A T I O N | E X C E L L E N C E | S E R V I C E
PAYMENTESTIMATORLEASE MUNICIPAL/GOVERNMENT
