“Ironworker Equipment Leasing Available For Both
New And Used Units”
Ironworker equipment leasing can be obtained from a number of our manufacturing equipment leasing and metal fabrication lease financing sources.
Because of the considerable amount of useful life that can be attributed to an Ironworker, its not only possible to lease finance the purchase of a new or used asset, but its also possible to refinance this type of equipment, even more than once.
This is due to both the strength of the resale market for Iron workers as well as the amount of time over which they can hold their value.
While most assets over 10 years old can be difficult to lease finance through an equipment leasing company, metal fabrication and manufacturing assets like an Ironworker can be financed at 20 years of age and older.
For new equipment, the process for financing can be very quick, especially if the financing amount is under $20,000. Larger units with higher purchase prices can also have financing arranged in a day or so, but may require slightly more documentation to support the application.
In most cases when an established business of more than two years applies for Iron worker financing on a new unit, the leasing company providing financing will be financing at or near 100% of the purchase price, and if there are delivery and installation costs that need to be added to the lease, the financing amount can actually exceed 100% of the acquisition cost.
Ironworker Lease Financing Can Be Structured For Cash Flow And Tax Purposes.
When considering lease financing for an Iron worker acquisition, the leasing company may provide you with a choice between an operating lease structure and a capital lease.
The capital lease is very similar to an equipment loan in terms of payment structure and accounting.
With an operating lease, you can potentially increase the balloon payment at the end of the lease term in order to reduce cash flow payments during the lease.
Or, if you have the cash flow to pay back the lease faster, you can set up a shorter lease term which will allow you to expense the payments as an operating cost, allowing you to write off the asset faster for tax purposes.
Operating leases also provide you with the option of purchasing or not purchasing the asset at the end of the lease term
If you require Ironworker equipment financing, I suggest that you give us a call so we can go over your requirements with you and discuss the different options available to you in the market.