Altec Capital is now offering trade-in credits of up to $20,000 toward the purchase of a new or new-to-you unit. Once approved, you will receive trade-in credit for a new lease on an EFA or $1 Purchase Option. Both of these options provide a variety of flexible payment plans, including monthly, annual and skip payment options.
What’s an EFA?
An Equipment Finance Agreement (EFA) offers the tax benefit of ownership, including depreciation and interest expense deductions. This agreement is for the person who desires immediate equipment ownership yet wants to pay for the equipment over an extended period of time.
What’s a $1 Purchase Option?
A $1 Purchase Option Lease allows the lessee to take ownership of the equipment after the final payment on the lease is made. It is treated for accounting purposes as a purchase even though it is being financed over a period of time.
How do I Claim My Trade-in Credits?
- Complete a credit application online today.
- An Altec Capital representative will contact you with the credit decision and to schedule an inspection.
- Work with your representative to choose a leasing option that works for you.
Terms and conditions may apply. Based on credit approval.