Deferred Payments on Equipment Financing

We had such a strong response to the Deferred Financing Special; we have decided to extend it to the end of October. We can structure a deferred program to fit the individual customers for all of your equipment financing needs, but here are three of our more popular ones;

Short Term Deferred
One Regular Payment Down
$100.00 for payment 2 and 3
Payment 4 to (24, 36, 48 or 60) Regular Payment

Limited Down Deferred
Only $25.00 Down to Start Any Transaction
Payment 1 to 3: $25.00
Payment 4 to (24, 36, 48 or 60) Regular Payment

Extended Deferred Financing
$76.00 Down
Payment 1 to 6: $76.00
Followed by customers choice of a 36, 48 or 60 month term.

Contact our office to learn more about out Deferred Financing Programs

info@computerfinancing.com

Alternative Financing Compared to Bank Lines

Up to 85 percent of small and mid-sized businesses prefer equipment leasing and enjoy benefits that extend beyond conserving cash.

Some Secrets Your Banker May Not Tell You:

1.      Buying with your bank line will use up your credit line.  Your banker has a limited credit amount they can extend to you and in most cases; it is not their decision anymore.  It is now a corporate decision.  If you want to be sure to have cash available quickly when you need it, then do not tie up credit lines.

2.     Your local banker is limited on programs they can offer you.  That is why it is advised that you plan ahead and establish independent, non-bank alternative financing sources, such as Computer & Equipment Financing for your equipment & software financing needs.

      3.      Compensating balances makes your banker’s day and increase interest cost.  Many businesses are lured by seemingly unbeatable rates to bank lines, but if includes a minimum or compensating balances; then it may not be as good as it seems.  In some cases it will double the introductory rate.

       4.      Banks will often FLOAT their rates. With bank rates at the lowest on record, they only have one place to go, UP.  Lease financing rates are guaranteed fixed for the term of the agreement.

       5.      Most banks require that credit lines be brought to a zero balance once  every 12 months.  Also, they reserve the option to “call the line” (pay-off the note) should your industry or the economy start to have a downward trend.  Your note can also be called if your own business prospects start to go south for any reason.

      6.      Banks like “BLANKET LIEN” on all of your assets.  Your banker is now your partner, because you have to get their permission on any future borrowing.  We simply file a UCC on just the leased asset only. Nothing else is encumbered. None of your financial assets or flexibility will be compromised.

       7.      Fees are what we live on.  Bank fees, closing costs and “penalties” typically run 1%-4% of the transaction amount and many of these fees re-occur annually.  These fees can have a significant effect on the real interest rate you are paying.  We simply have a one-time documentation fee of $250.00 or less and no fee for repeat customers.

 

Technology Financing

Computer and Equipment Financing specializes in developing customized and highly competitive lease and equipment finance agreements that meet your specific business and technological requirements.

We offer lease programs and equipment finance agreements that are extremely flexible, allowing your company to expense lease payments over the life of the lease for technology financing, computer financing and software financing.

Additionally, we provide for simple and cost-effective upgrades and additions to the leased equipment, making it easy for your firm to keep technology current. Including all hardware and software.

We specialize in the following areas:

Legal
Medical
Dental
Engineering Firms

What is the section 179 deduction for 2014?

For the upcoming 2014 tax year, Section 179 has been restored to its original limits of $25,000 plus an adjustment for inflation.Congress has all year to make adjustments to this like they did last year.

Section 179 Tax Saving Information

Simplifying Section 179 Tax Saving Information:

seoimage5Section 179 is a unique tax provision that lets businesses deduct the purchase price of equipment & software bought or financed. The Section 179 Deduction for 2013 is $560,000.00

What is Bonus Depreciation?

Bonus Depreciation is useful to businesses spending more than $560,000.00 in 2013; also businesses with a net loss in 2013 qualify to carry-forward the Bonus Depreciation to a future year. The most important difference is Bonus Depreciation covers new equipment & software only. Section 179 is generally taken first, followed by Bonus Depreciation. Business can claim first-year bonus depreciation equal to 50% of the cost of most new (not used) equipment and software placed in service by December 31 of this year. The amount of equipment purchased and or financed cannot exceed $2,000,000 for 2013.

What Happens to Section 179 at the End of 2013?

The current deduction limit of $560,000.00 is scheduled to drop to $25,000 beginning January 1, 2014.

What about Bonus Depreciation?

Bonus depreciation has spiraled downward over the last few years. In 2011, it was 100% and in 2012 it dropped to 50%. It will drop to 0% starting January 1, 2014. The current cap on capital equipment purchases is $2,000,000.00 and will decrease to $200,000.00 in 2014.

*This information does not assume you are eligible to take advantage of the IRS Section 179 depreciation. Please consult your tax advisor or accountant for additional information. This flyer is intended for informational purposes only and not as Tax advice or consultation. Please see www.irs.gov for complete details.