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Our extended finance program features
simple documentation and is underwritten by our long-term, bank affiliated
partner First
Western Equipment Finance (formerly Advanced
Acceptance; an affiliate of First Western Bank & Trust of
Eden Prairie, Minnesota.)
The [
application ] is a single page
and approval typically only takes a few hours for approval.
We do what we say we will do
with no gimmicks or hidden terms. We want to be your long-term
partners, not just for one purchase but for all your future survey
equipment needs.
iGage 10-24 Program Description
The standard program is simple:
24-Months at 0% Financing; 10%
Down payment; $150 Application/Document Fee
For example a $11,400 complete Base Rover pair X-PAD data collection
software:
$ 1,290 down payment (includes the $150 document fee)
$ 427 per month for 24-months ($10,260)
$11,550 Total Payments
The interest rate is 0% and you can pay off the agreement at
anytime.
In addition to the standard program, we also offer $1.00 buyout
leases, deferred payment programs and seasonal payment programs.
We can help you improve cash
flow, you can avoid big down payments, and you can get 90%
financing. In addition, our leasing and finance programs are easier
and faster than bank financing, and may provide you with tax
benefits (consult with your accountant to confirm benefits.) Our
program is a reported credit transaction and may help you establish
credit for a new business.
EFA / Leasing Insurance Requirements
Insurance is required for the
term of extended financing:
Property Insurance for the value of the equipment naming FWEF
as the 'Loss Payee'
General Public Liability Insurance naming
FWEF
as
'Additionally Insured' on leases.
We strongly recommend that you
insure all of the equipment that your business needs to be
productive with 'Named Equipment Insurance' sometimes known as
'Inland Marine'. Ask your insurance partner if the equipment will be
covered if:
It is stolen from a locked pickup truck
It is stolen from an unlocked pickup truck
It is stolen while setup on a job
It is stolen from a hotel room
It is on a job site and is backed over by an earthmover
It is stolen from your office
Equipment loss due to theft is a
real issue, you should never be in a position where it will destroy
your practice.
The Process
1. We can help you determine the equipment you wish to purchase
and provide you with a firm price quotation including delivery
costs. Let us know that you are interested in extended financing
and we will provide a short application form with the quotation.
2. Compete the
application, sign it and fax or email it to the fax-number/email-address at the top of the application.
3. Upon approval, you will receive lease documents for
completion. Return the documents and your equipment will usually
ship within a day!
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