How a Fair Market Value Lease Can Save You Money

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