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COMMERCIAL FORKLIFT FINANCE PROGRAMS

Retail Installment Loan

Program Description:
Traditional financing of customer’s retail purchase of equipment from dealer.

Customer Advantages:

  • Alternative to cash
  • Full responsibility of ownership (including responsibility for disposal)
  • Generally used in all standard business operating conditions

Closed-End Lease

Program Description:
Alternative financing tool through which customer obtains the right to use the equipment acquired from dealer typically without the full cost of ownership.

Customer Advantages:

  • Right to use typically without full cost of ownership
  • Offers cash management flexibility in the structuring of lease payments
  • Lease payments may be deductible for federal income tax purposes to customer*
  • Generous cap of 2000 operating hours, annually
  • Requires operation in a clean environment such as general warehouse, light manufacturing, or finished wood applications

Capital Lease

Program Description:
Lease with characteristics of a purchase agreement, typically providing for a purchase option at nominal or below-market price (also known as a conditional sales lease).

Customer Advantages:

  • Alternative to cash and Retail Installment contract
  • Ability for customer to purchase equipment at the end of lease for a nominal amount
  • No penalties for severe operating conditions
  • No overtime charges for high annual operating hours
  • Ideal for the following severe operating conditions: cooler, refrigerator or freezer, heavy manufacturing, foundries, chemical plants, plastics, textile, humid environments, recycling, etc.

Flexible Term Lease

Program Description:
Lease which permits customer to lease for a specific initial term, with an option to renew lease for a second (or subsequent) specific term(s) at predetermined lease payments.

Customer Advantages:

  • Flexibility to terminate the lease at the end of the specified terms while locking in the monthly payments for the future
  • Ability to match specific lease periods with the customer’s contract commitments
  • Ability to structure a program that will adjust to anticipated market fluctuations

Master Lease

Program Description:
Lease line of credit for current and future equipment acquisition needs under single master lease agreement (applicable to Operating, Flexible, and Capital leases).

Customer Advantages:

  • Fleet customers can make multiple purchases over an extended period of time
  • Only one master lease agreement is required for the credit line
  • Additional equipment leases handled on a supplemental agreement setting forth applicable lease terms at time of delivery

One Pay Lease

Program Description:
Ideal for companies who typically pay cash, One Pay allows you to make a one time payment upfront and subsequently a final balloon or residual payment at the end of the term.

Customer Advantages:

  • Reduced upfront cash investment
  • Keep cash available to reinvest in other areas of the business, or buy/lease more equipment
  • Keep current bank lines open
  • Discounted cash flow significantly reduces interest expense
  • Eliminate processing of monthly invoices
  • Plan for future growth – take advantage of end of term options not available
  • No down payment required

One Pay Balloon Loan

Program Description:
Ideal for companies who typically pay cash, One Pay allows you to make a one time payment upfront and subsequently a final balloon or residual payment at the end of the term.

Customer Advantages:

  • Reduced upfront cash investment
  • Keep cash available to reinvest in other areas of the business, or buy/lease more equipment
  • Keep current bank lines open
  • Discounted cash flow significantly reduces interest expense
  • Eliminate processing of monthly invoices
  • Plan for future growth – take advantage of end of term options not available

Programs are available through participating Commercial Equipment dealers and Toyota Motor Credit Corporation to qualified customers.  Programs may not be available in all areas.  Programs subject to change or end at any time.  Terms, restrictions, and program compatibility apply.  *Please consult with a tax adviser and counsel.  Toyota Financial Services is a service mark of Toyota Motor Credit Corporation.

Other special finance programs available through participating equipment manufacturers.  Ask your sales associate for additional details.

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