Leasing is a great alternative to traditional finance or cash purchases. By avoiding heavy upfront costs, you can keep your cash in your business while you upgrade to the newest equipment, all with less hassle. Here's some other great reasons to participate in a leasing program:
For more details on the program, see below. To apply, click on the pre-approval application or call 866-806-8021.
Important Notice: Nothing herein shall be construed as an approval or commitment to finance or for provision of other service by Western Equipment Finance and its affiliates to any person. All transactions are subject to final credit approval by WEF and the execution of mutually satisfactory documentation.
*Subject to warranty hour and duration limitations
**Please consult your accounting advisor as to the potential accounting implications.
Multiply the pay factor by the price of the equipment. Below is an example of a lease payment (estimate only)
Leased Amount $10,000
|
Monthly Lease Payments |
||||
|
Term |
<400 hours/year |
<600 hours/year |
<750 hours/year |
<1200 hours/year |
|
24 Months (Pay Factor) |
$322.70 (.03227) |
$330.40 (.03304) |
$369.00 (.03690) |
$407.60 (0.04076) |
|
36 Months (Pay Factor) |
$241.20 (.02412) |
$246.10 (.02461) |
$283.30 (.02833) |
N/A |
Monthly payment is calculated by multiplying equipment cost x pay factor, payment factors valid as of Feb 2017.
Payment factors/terms offered OAC and subject to change. (minimum lease amount $5,000) Contact WEF or your dealer for current and seasonal pay factors.
Lease Return Incentives are benefits for customers who at the end of leasing Hustler equipment, sign a new lease for Hustler equipment. They include:
At the end of the lease, you would have the following three options:
(Customer will need to specify to WEF which of the end of lease options they would like to exercise 90 days before the lease ends.)
Customer Lease Purchase Option
(% of original equipment cost)
|
Customer Lease Purchase Option |
||||
|
Term |
<400 Hours/Year |
<600 Hours/Year |
<750 Hours/Year |
<1200 Hours/Year |
|
24 Months |
38% |
36% |
26% |
16% |
|
36 Months |
33% |
31% |
16% |
N/A |
To determine Customer Lease Purchase Option, multiply original equipment cost by the respective purchase option percent. Ex. A $10,000 lease for 600 hours per year for 2 years has a purchase option of .36 x $10,000 = $3,600.
The following conditions must be met when returning the equipment:
