Month: March 2018

Paul Bates, Fleet Manager at Sentry Electrical Group, explains why he prefers buying from Altec NUECO stating, “We can buy Altec equipment elsewhere, but oftentimes you don’t know who had it before, how often it has been used or how it was used. We can get the answers by working with Altec NUECO.”

Bates describes his working relationship with Altec saying that it goes beyond the sale of the equipment, making him feel comfortable making additional purchases in the future.

Altec NUECO is the largest supplier of used bucket trucks, digger derricks, cranes, telecom equipment and used parts in the business. Altec NUECO is also the sole supplier of Certified Used Altec Equipment, offering a comprehensive package of products and services to provide outstanding customer support long after the sale.

Be sure to call 1-866-617-1569 for all of your used equipment needs. For more information on all that Altec NUECO has to offer, contact an Altec representative online. 

When making a large equipment purchase, financing is an important part of the transaction. With so many ways to finance and multiple companies to choose from, it is helpful to know all available options and, more importantly, the best one for your business.

Altec Capital’s focus is to create value for our customers through personalized service and tailored solutions. Below are Altec Capital’s traditional lease options which can be customized to meet your individual needs. See which one best fits your business.

FMV

The Fair Market Value Lease (FMV) minimizes equipment lifecycle costs and maximizes equipment utilization. This lease is ideal for companies that desire the latest technology and equipment on the market. The FMV is essentially a long term usage agreement with terms ranging from 3-10 years. At lease maturity, customers can return the equipment, continue to lease on a month to month basis or purchase the equipment at its fair market value. The FMV has the ultimate flexibility and is often used by companies that want the latest equipment with shorter lifecycles. Newer equipment means less downtime and more reliability.

Benefits:

• Typically has the lowest monthly payment
• Provides terms to match needs and lifecycle objectives
• Conserves working capital
• Eliminates end of lease risks
• Can have significant tax advantages

TRAC

The TRAC lease allows for all of the advantages of leasing while retaining the option to purchase the equipment at the end of the lease term for a pre-determined balloon, called a terminal rental adjustment clause (TRAC). TRAC leases are popular with companies that want lower monthly payments but desire the benefits of ownership at lease maturity. The TRAC lease has lower monthly payments than traditional finance options due to depreciation benefits retained by Altec Capital. These benefits are passed on to the customer in the form of a lower payment than traditional loans.

Benefits:

• Improved cash flow
• Lower monthly payments
• Limited upfront costs

$1 Buyout

The $1 Buyout lease is similar to the TRAC lease, but the company owns the equipment throughout its lifecycle. This option enables companies to report the asset on their balance sheets and take any tax benefits associated with that asset.

Benefits:

• Fixed interest rate
• Ownership 
• Flexible payment options
• 100% Financing

Equipment Finance Agreement

An Equipment Finance Agreement is similar to the $1 Buyout Lease except that it is not a lease. This option is preferred by companies looking to preserve their credit lines and use traditional financing for their equipment acquisitions.

Benefits:

• Uses Altec’s credit line which preserves working capital
• 100% Financing

With representatives located throughout the United States, Altec Capital is available to answer any equipment financing questions you may have. Because we build the equipment, our team has the product and industry knowledge to provide the financing options that will maximize profitability and productivity for your business. 

To learn more about Altec Capital's leasing options, call (888) 408-8148 or contact an Altec Capital representative online.