Manitowoc Finance offers a wide range of financing and leasing solutions designed to meet varying business and worksite needs. Typically terms range from 24 to 84 months depending on the cost and type of equipment. Some of our most popular financial products are featured below.
Full Payout / $1.00 Purchase Option
Consider this lease choice if you intend to own the equipment at the end of the lease, or if the asset has a long expected useful life. A $1.00 Purchase Option provides the benefits of ownership, allowing you to take the depreciation and interest expenses related to the equipment.
Features
- Level monthly payments
- Depreciation and interest deductions claimed by lessee
(subject to advice of counsel or accountant)
- Payment of equipment over time
Benefits
- Fixed costs aid budgeting
- Lessee takes full advantage of tax benefits
- Conserves working capital
Fixed Price Purchase Option (FPPO)
With an FPPO, your company may purchase the equipment at the end of the term for the amount specified at the beginning of the term or return the equipment to Manitowoc Finance.
Features
- Level monthly payments
- Option to purchase for a fixed price
- Depreciation and interest deduction claimed by lessee
(subject to advice of counsel or accountant)
- Payment of equipment over time
- Equipment may be returned at lease end to Manitowoc Finance.
Benefits
- Fixed cost aids in budgeting
- Operational ownership
- Lessee takes full advantage of tax benefits
- Conserves working capital
- Pay only for equipment use
Tax or True Lease (Fair Market Value)
An operating lease in which your company may purchase the equipment for a fair market value at lease end, extend the lease or return the equipment to Manitowoc Finance.
Features
Benefits
- Fixed costs aid budgeting
- Operational ownership
- May provide tax benefits and minimize or negate impact of AMT
- Conserves working capital
- At term end, equipment may be replaced with new unit
- Lower monthly payments
