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Flexible Financing Options From MetricTest
Are you feeling the pinch? Many of our customers are asking for more flexible payment options and MetricTest
is responding with a variety of ways to stretch your budget.
We are now offering several financing solutions for your test and measurement equipment. Buy now, pay later.
Don’t lose another testing day. What could be better?!? Check out these flexible financing programs!
Leasing Options
- Line of Credit
- Deferred Payments
- End-of-Term Buyout Options
- Mid-Term Options
No Payments for 6 Months
- MetricTest introduces a 6 Month Deferred Payment Lease
- No payments for the first 6 months
- Includes all purchases (including delivery, warranty, etc)
Future Funds
- Similar to a 6 Month Deferred Payment Lease, however you do not need to enter into a lease after the deferral
period. You simply pay for the equipment.
- No payments for the first 6 months
- Includes all purchases (including delivery, warranty, etc)
Section 179 Federal Tax Credit for R&D Extended Through 2010
Section 179 of the IRS tax code (part of The American Recovery & Reinvestment Act) was created by the US Government to encourage businesses to buy equipment and invest in their company’s growth.
In October 2010, the amount increased to $500,000 (double the previous amount of $250,000).
This tax code allows businesses to deduct the full purchase price, plus bonus depreciation, of qualified equipment that was purchased or financed during the tax year.
In other words... if you buy (or lease) a piece of qualifying equipment, you can deduct more than the Full Purchase Price from your gross income on your tax return.
Benefits of a Capital Lease in conjunction with Section 179 savings.
The benefit of a Non-Tax/Capital Lease is that businesses can take advantage of Section 179 without the capital / cash-flow outlay. Examples of Non-Tax/Capital Leases include a $1.00 Buyout, an Equipment Finance Agreement (EFA), and a 10% Purchase Upon Termination (PUT) Lease.
Example Calculation: Assume you purchase or finance $600,000 worth of business equipment, put it in use in 2010, and take advantage of Section 179. Your tax savings could be significant:
($500,000 is the maximum Section 179 write-off in 2010)
50% Bonus Depreciation $ 50,000
(On remaining value: $600,000 - $500,000 = $100,000; $100,000 x 50% = $50,000)
Normal 1st Year Depreciation: $20,000
(Calculated at 5 years = 20%; ($600,000-$500,000) x 20% = $20,000
Total 1st Year Deduction: $570,000
($500,000 + $50,000 + $20,000 = $570,000)
Tax Savings Assuming Rate of 35% = $199,500
($570,000 x 35% = $199,500)
1st Year Net Cost after Tax Savings: $400,500
($600,000 - $199,500 = $400,500) |
Act Now!
To learn how your business can take full advantage of Section 179 and the Bonus Depreciation Incentive, please contact our leasing and financing partner:
WRG Financial Services
www.wrgfinance.com
800.385.5795 x204
info@wrgfinance.com |
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