Matthew Peters, operations superintendent at South Louisiana Electric Cooperative Association, was familiar with Altec in his previous role with the company.
“All I knew from Altec before I met Ed, our account manager, was y’all were the bucket and derrick company,” Peters said. “Our buckets and our derricks were Altec.”
But when Peters assumed his current role and was interested in purchasing new assets for the company’s fleet, he experienced the total Altec value, working with Altec Capital to identify fair market value leases as a way to save the company maintenance costs while still getting custom trucks for his linemen.
“We realize that when we get to a certain age on some of these older trucks, our maintenance costs goes through the roof,” Peters said. “We looked at leasing because we don’t have to get cookie cutter trucks. We can actually spec our trucks to what the linemen want, so it fits us.”
FMV leases offer the flexibility of ownership and the lowest monthly payment with terms that match the useful life of equipment.
With an FMV lease, customers can improve operations and productivity without the expense of buying the equipment outright or a high down payment. At lease maturity, customers can opt to return the equipment and lease a new unit, continue to lease on a month-to-month basis or purchase the equipment at its fair market value.
While the lease affordability and flexibility are important factors for Peters, the decision to use Altec equipment and Altec Capital comes down to one thing—relationships.
“When I look at everything, it comes down to the relationship after the sale is done and the paper is signed,” Peters said.
About Altec Capital
Altec Capital’s focus is meeting customers’ unique equipment financing needs. Not only does Altec Capital finance equipment, but it also helps customers manage and maintain their equipment fleet. While our core business is financing Altec products, Altec Capital also offers financing for light duty trucks and other non-Altec, third-party equipment.
Most importantly, financing with Altec Capital is easy. Altec Capital offers a single source solution for all your financing needs, which means no more managing multiple banking relationships. Altec Capital’s innovative e-signature and web-based application process make it easy for customers to obtain financing.
For more information on Altec Capital’s financing options, call (888) 408-8148 or email finance@altec.com.
