Category: Financing

In today’s fast-paced, competitive landscape, businesses need flexible financing solutions that adapt with their evolving equipment needs. Whether expanding your fleet, replacing aging assets or financing specialized equipment—and whether you’re financing Altec equipment or equipment from another manufacturer—Altec Capital has a solution for you.

Why Altec Capital?

We realize you have many options when it comes to financing equipment, so at Altec Capital, we listen and understand our customers’ needs in order to get the best financing option. And when you work with Altec, you’re not just getting custom financing—you’re getting everything you need to get the job done right. We provide the resources to manage and maintain your fleet with access to service, rentals, tools and accessories, industry-leading training and more. With Altec, you get everything you need for your equipment—from purchase to disposition—all in one place.

Non-Altec Equipment Support

Although our core business at Altec Capital is financing Altec products, we also finance light duty fleets and a variety of other equipment types, including transmission units, distribution units, tree care equipment, and cranes. Many of our customers use Altec Capital to finance yellow iron equipment and other non-Altec products. We go beyond traditional original equipment manufacturer financing to support a wide range of machinery and manufacturers, allowing customers to diversify their fleet with financial confidence.

Customized Financing Options

We take the time to understand your business goals and operational challenges, crafting personalized solutions that support long-term growth. Whether it’s looking at the lowest cost of capital, income statements or service needs, our finance group can help you find a leasing option that works best for you. Our flexibility makes it easier to get your equipment into the field, improving your cash flow.

Hear about how Joe Pipitone at Top Notch Tree Care worked with Altec Capital to build a custom financing solution for his business.

Streamlined Communications

Say goodbye to juggling multiple lenders and banking relationships. With Altec Capital, you get a single point of contact and a simplified process for all equipment financing needs—saving you valuable time. Our team will work with you to reduce the administrative pains associated with financing equipment. Additionally, our innovative e-signature and web-based application process offers a user-friendly online experience.

A Partner You Can Count On

At Altec Capital, our commitment goes far beyond the transaction. We work closely with each customer to build financial strategies that align with their unique needs and future plans. With business consultants located throughout the United States and Canada, Altec Capital can mobilize our resources to accelerate results and leverage our alliances and partnerships to help deliver innovative solutions.

For more information on Altec Capital’s financing options, call (888) 408-8148 or email finance@altec.com.

*All transactions are subject to credit approval. Some restrictions may apply.

The end of the year is fast approaching. Now is a great time to take advantage of powerful tax tools that can help you save money while investing in your business: Section 168(k), also referred to as Bonus Depreciation, and Section 179. These sections offer significant tax incentives to promote business growth, allowing you to upgrade equipment while enjoying substantial savings.

Below, learn more about these important tax-saving tools and how qualifying purchases can benefit your business. Qualifying purchases include financed equipment that is placed in service on or before Dec. 31, 2025.

Need assistance with your tax strategy for equipment purchases? Our knowledgeable team at Altec Capital is ready to help. Contact us today.

Save with Section 179

Popular among small- and medium-sized businesses, Section 179 allows businesses to immediately expense qualifying equipment in the year of acquisition. This allowance creates a larger initial deduction and reduces a business’s tax burden in the year the equipment is placed in service.

The maximum amount Section 179 allows for 2025 is $2.5 million on qualified purchases of $4 million. Section 179 is reduced dollar for dollar when the total amount of equipment purchased exceeds $4 million, hitting zero at $6.5 million of qualifying purchases. In addition, an income limitation limits a business’s Section 179 expense to taxable income, not allowing Section 179 expense to create a tax loss.

If these limits impact your business’s ability to use Section 179, you may still qualify for Bonus Depreciation.

Section 168(k): Bonus Depreciation

With recent changes in tax law, bonus depreciation continues to offer significant advantages for capital expenditure planning. Businesses can now expense 100% of the cost of qualified assets acquired and placed in service after Jan. 19, 2025, helping reduce taxable income and improve cash flow.

For property acquired and placed in service between Jan. 1-19, 2025, the applicable bonus depreciation rate is 40%.

How Much Money Could You Save?

Section 179 and Section 168(k) are valuable tools for businesses seeking to reduce their tax liabilities and invest in growth. To ensure you make the most of these opportunities, it is essential to work with tax professionals who can help you navigate the complexities and confirm your businesses eligibility.

Below, see hypothetical savings possible when utilizing these code sections as compared to normal depreciation.

*Assume the equipment in the above example was acquired and placed in service after Jan. 19, 2025. The calculations above are not intended to provide tax or legal advice. Please consult your tax advisor.

Ready to Learn More? Contact Altec Capital Today

If you’re interested in applying these tax benefits to your purchases, our knowledgeable finance experts at Altec Capital are ready to help you find the best options to achieve significant savings.

Altec Capital offers deferrals of up to 90 days, aggressive financing rates and a variety of lease options. Altec Capital’s focus is meeting customers’ unique equipment financing needs. 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.

For more information on Altec Capital’s financing options, call (888) 408-8148 or email finance@altec.com.

Financing equipment with a bank can often be a tricky and lengthy process. If you’re looking for an easier way to finance, Altec Capital is here to streamline that process and get your equipment to you and in the field as soon as possible.

Our finance and equipment teams are expertly trained to help you decide which option will help benefit you and your business the most. Below, check out the key benefits of financing your equipment with Altec Capital.

KEY BENEFITS

• Streamlined communication
• OEM understanding of your equipment and industry
• Finance additional services in one payment
• Flexible options and terms to help you maximize your fleet

Streamlined Communication with a Single Source

Altec Capital makes financing simple by channeling all of your information and communications directly to our team. Unlike working with your local bank, at Altec, everything from your initial inquiry to your application and your lease documents can be filled out and signed online.

Tim Tavel, PowerGrid’s Vice President, says Altec Capital has made financing equipment easy for his company.

“I gave them all the requested information and they took care of everything else we needed,” Tavel said. “It’s hard to find a service like that anywhere else.”

No One Knows Your Equipment like the OEM

As the original equipment manufacturer, Altec provides a direct advantage to customers financing your equipment. Because we build the equipment you purchase, we are able to best understand the ins and outs of your business and the value your assets bring to it. In addition to this, our equipment experts can recommend services and maintenance based on the build of your equipment.

Jeffrey Schneider, Manager of Transportation at Louisville Gas and Electric Company and Kentucky Utilities Company, has been working with Altec Capital for a decade. For Schneider, a constant is Altec Capital’s attention to detail and commitment to excellence.

“The people at Altec Capital are what make the difference,” Schneider said. “It’s nice to be able to have open conversations and know everything will be taken care of.”

Add the Extras to Complete Your Fleet

Not only does Altec directly provide your equipment and financing, but we also offer many other services that span the life of your equipment. Altec is here to support you every step of the way with service, rental, financing, safety training, tools, parts, fleet management and more. To make billing easier, our fleet management services can be included in your monthly lease payment, allowing you to make a single payment to a single source each month.

This includes:

• Altec Service: The industry’s most extensive fleet of mobile service vehicles and technicians covering both the entire United States and parts of Canada
• Altec Sentry: Our safety training organization that offers OSHA and ANSI-certified training options
• Altec Supply: A one-stop shop for ordering tools, supplies, accessories, replacement parts and more for your bucket truck or boom truck crane
• Altec Fleet Services: Proven fleet management solutions and digital products such as Altec Connect that focus on the objectives most important to you: safety, compliance, performance and economics

Flexible Financing Options and Terms

Overall, financing with Altec Capital provides many advantages for any customer that purchase, rent or lease equipment. Our unmatched flexibility makes it easier to get your trucks into the field, improving your cash flow. We also offer a variety of lease options, allowing you to choose the financing option that makes the most sense for your business.

For more information on Altec Capital’s financing options, call (888) 408-8148 or email finance@altec.com.

The end of the year is fast approaching. Now is a great time to take advantage of powerful tax tools that can help you save money while investing in your business: Section 168(k), also referred to as Bonus Depreciation, and Section 179. These sections offer significant tax incentives to promote business growth, allowing you to upgrade equipment while enjoying substantial savings.

Below, learn more about these important tax-saving tools and how qualifying purchases can benefit your business. Qualifying purchases include financed equipment that is placed in service on or before December 31, 2024.

Save with Section 179

Popular among small and medium sized businesses, Section 179 allows businesses to immediately expense qualifying equipment in the year of acquisition. This allowance creates a larger initial deduction and reduces a business’s tax burden in the year the equipment is placed in service.

The maximum amount of Section 179 for 2024 is $1,220,000 on qualified purchases of $3,050,000. Section 179 is reduced dollar for dollar when total equipment purchased exceeds $3,050,000, hitting zero at $4,270,000 of qualifying purchases. In addition, an income limitation limits a business’s Section 179 expense to taxable income, not allowing Section 179 expense to create a tax loss.

If these limits impact your business’s ability to use Section 179, you may still qualify for Bonus Depreciation.

Section 168(k): Bonus Depreciation

Bonus Depreciation is another tool to accelerate expensing of capital expenditures, but without many of the limitations. Bonus depreciation is percentage based, allowing a business to immediately expense a percentage of an asset’s cost before applying normal depreciation.

Businesses can currently expense 60% of the cost of qualified assets. This percentage is only applicable for assets placed in service on or before December 31, 2024. It is scheduled to drop as follows in the coming years:

• 40% in 2025
• 20% in 2026
• and 0% in 2027 and thereafter.

How Much Money Could You Save?

Section 179 and Section 168(k) are valuable tools for businesses seeking to reduce their tax liabilities and invest in growth. To ensure you make the most of these opportunities, it is essential to work with tax professionals who can help you navigate the complexities and confirm your businesses eligibility.

Below, see hypothetical savings possible when utilizing these code sections as compared to normal depreciation.

*The calculations above are an example and not intended to provide tax or legal advice. Please consult your tax advisor.

Ready to Learn More? Contact Altec Capital Today

If you’re interested in applying these tax benefits to your purchases, our knowledgeable finance experts at Altec Capital are ready to help you find the best options to achieve significant savings.

Altec Capital offers deferrals up to 90 days, aggressive financing rates and a variety of lease options. Altec Capital’s focus is meeting customers’ unique equipment financing needs. 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.

For more information on Altec Capital’s financing options, call (888) 408-8148 or email finance@altec.com.

Choosing how to finance your equipment is an important decision. Because each customer’s situation is unique, Altec Capital offers several lease types designed to help customers build their fleet while still reaching financial and operational goals. Below, get to know Altec Capital’s leasing options and see which one might be right for you.

Fair Market Value Lease

The Fair Market Value (FMV) lease is Altec’s most popular leasing option. With the FMV lease, Altec Capital Services is able to minimize the total life-cycle cost, while maximizing the utilization of your entire fleet.

At lease maturity, you may opt to return the equipment and lease a new unit. You can also choose to lease on a month-to-month basis or purchase the equipment at its fair market value.

Advantages of the FMV lease are:

• Lowest monthly payment
• Fixed cost of using asset
• Elimination of resale liability
• Optimize the economic life of the asset

Best for customers who… want to maximize their free cash flow, want to operate newer equipment, or want to eliminate residual and interest rate risk.

$1 Purchase Option

The $1 Purchase Option, also known as a capital lease, allows you to capitalize the equipment on your balance sheet and take tax benefits associated with the equipment. This leasing option most closely resembles a traditional bank loan.

Advantages of the $1 Purchase Option are:

• 100% financing
• Long-term ownership
• Variety of payment plans including monthly, annual and skip payment plans.

Best for customers who… want advantage of ownership and want to own the equipment outright.

TRAC Lease

The Terminal Rental Adjustment Clause (TRAC) lease guarantees your business a pre-determined residual price when the lease matures with a balloon payment at the end of term.

Benefits of a TRAC lease include:

• Mitigation of interest rate fluctuations
• Increases operating capital and free cash flow
• 100% financing

Best for customers who… want to own the equipment outright with a lower monthly payment than the $1 Purchase Option due to the balloon at the end of the term.

About Altec Capital

Altec Capital’s focus is meeting your unique equipment financing needs. Not only does Altec Capital finance equipment, but it also helps customers manage and maintain their equipment fleet. While its 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 solution for all your financing needs, which means no more managing multiple banking relationships.

For more information on Altec Capital’s financing options, call (888) 408-8148 or email finance@altec.com.

As interest rates rise and material, fuel and equipment costs increase, maximizing savings and conserving working capital is more important than ever. With a Fair Market Value lease from Altec Capital, fleet owners can keep the monthly cost of equipment low, from payments to maintenance costs.

What is a FMV Lease?

FMV leases offer the flexibility of ownership and the lowest monthly payment with terms that match the useful life of the equipment.

With an FMV lease you can improve operations and productivity without the expense of buying the equipment outright or a high down payment. At lease maturity, you may opt to return the equipment and lease a new unit, however, customers can continue to lease on a month-to-month basis or purchase the equipment at its fair market value.

Operate a Truck During its Highest Useful Life

FMV lease terms range from 36 to 120 months, so customers can utilize a truck for its highest useful life. Once that term ends, customers can return the truck and lease a new piece of equipment, avoiding costly repairs and increased maintenance costs that can occur with older equipment.

A shorter life cycle often leads to lower repair cost and frequency, which means less downtime. This allows customers to spend more time in the field focused on operations and maximizing profits.

Fair Return Provisions

Altec believes in complete satisfaction in all aspects of a customer’s experience. Lease holders can rest assured that the same Altec customer service they expect will be provided throughout all phases of the lease, including the end of lease return process. Altec Capital account managers work hand in hand with customers to reduce end of lease expenses. Altec Capital’s ultimate goal is to create an end of lease customer experience that is seamless, equitable and fair.

Experience the Benefits of a New Truck

The FMV lease is ideal for customers who are eager to experience the latest innovation in new equipment. When FMV lease holders return their equipment at lease maturity they can then finance a brand new piece of equipment, complete with the latest technology. For many customers, the regular upgrade to a new piece of equipment boosts employee morale.

By working with Altec Capital, your account managers are monitoring current lead times for new equipment along with the term of customer leases, helping customers place orders that most closely match maturity schedules and life cycles.

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