v20230803 AWS

iGage 10-24 3.99%
Extended Financing for Equipment

Program updated: 4/1/2023
Equipment finance programs are subject to completed
application and credit approval process.

The iGage extended finance program features a simple application, intuitive easy-to-understand documentation. It is underwritten by our long-term, bank affiliated partner First Western Equipment Finance. First Western Equipment Finance is a national equipment financing and leasing lender.

Formerly Advanced Acceptance; First Western Equipment Finance is a division of First Western Bank & Trust in Eden Prairie Minnesota.

The [ application ] is a single page and typically takes only a few hours for approval. The program, application process and contracts are designed to be intuitive and easy-to-understand.

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 3.99% Program Description (updated April 1, 2023)

The program is simple:

10% Down payment; $150 Application/Document Fee, 24-Monthly Payments, 3.99% APR Financing;

For example if you purchase an $11,000 complete iG8a Base Rover pair with X-PAD data collection software:

$   1,250.00 down payment (includes the $150 document fee)
$      429.88 per month for 24-months ($10,317.12)
$ 11,567.12 Total Payments

The Down Payment is 10%: $11,000 * 10% = $1,100.
The Document Fee is $150.
The Rate Factor is 0.03908: $11,000 * 0.03908 = $429.88 / month.
There is an initial Down Payment, then one month later the first of 24 Monthly Payments is due.
The interest rate is 3.99% APR.
The final/total additional cost of financing including the document fee is $567.12; which is $22.68 per month, 5.16%.
You can pay off the agreement at anytime.
There is a $5,000 finance minimum.
Hardware (like robotic total stations, GNSS receivers and accessories), Field Software (like X-PAD, SurvPC, LandStar8) and Software (like Carlson Survey Desktop) can be financed.
Because the first monthly payment is not due until 1-month after the 10% down payment, this program lasts 25-months total.

This program is a reported commercial credit transaction and may help you establish credit for a new business.

We offer flexible lease terms and equipment finance programs designed to help you succeed: your needs come first.  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 usually faster and easier than bank financing. This program may provide you with tax benefits (consult with your accountant to confirm benefits.)

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 the loss of an instrument that you are still financing 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 written quotation.

2. Compete the application, sign it and fax or email it to the fax-number/email-address at the top of the application. Include a copy of the quotation that you want to accept.

3. Upon approval, you will receive lease documents for completion. Return the documents and your equipment will usually ship within a day!

iGage Mapping Corporation
1545 South 1100 East #1;  Salt Lake City UT 84105 USA
Voice:
+1 801 412-0011 Fax: +1 801 412-0022
email
orders@igage.com   General iGage Information  Extended Finance  FCC License