VERSALIFT CAPITAL – LEASING & FINANCING

PROGRAM DETAILS

Versalift Capital has the industry knowledge, responsiveness and personal service as the captive financing arm of Versalift. We can offer competitive financing options because we know our equipment, its durability, and its residual value better than anyone else.  We have extremely competitive programs for the single lift buyer, a private or investor owned utility or a municipailty with hundreds in their fleet.

We offer Operating (Fair Market Value) Leases which are based on a residual purchase option at the end of the lease.  This allows you to structure your lease for the period of time you will need to use the equipement and decide at the end if you want to buy it or walk away.   Operating lease programs are also available with a fixed price Early Buyout Option (EBO).

Capital Leases ($1 out) are very similar to a traditional loan, in that you finance the cost of the purchase over time with a resulting final payment of $1 which then transfers ownership.  The advantage of Capital Leases over Purchase Financing is in regard to the rules of ownership whereby Capital leases remain operation expenses from an accounting standpoint throughout the length of the lease.

Terminal Rental Adjustment Clause (TRAC) leases combine all of the advantages of leasing while retaining an option to buy out the equipment at the end of the lease at an agreed upon residual value.  This is particularly attractive with Versalift High Reach equipment as they have been known to remain in service for over 30 years.

Since we know and understand how our series of Aerial Lifts, Digger Derricks, and Cable Placers  will be used in the market, our Program Managers will be able to offer you the best possible financial solution for your business.  We also have specializations in Sale-Lease-Backs, Equipment Lines of Credit, and Rental Fleet Financing on Master-Leases.