Leasing

Let Idaho Wrecker Sales make it easy to purchase your next tow truck! We know most of you are business people with not a lot of time in the day. Let us take some of the load off and put the fun back into purchasing a new asset. Simply click on one of the buttons below. We'll do the rest.

Give us an opportunity to show you what we can do for you!

  • Average approval time is under 24 hours for credit applications
  • Most loans are made without the need for financial statements (just fill out our short credit application)
  • Typical Down payment is just the first and last payment up front. (You can always put down more if you want)
  • Terms up to 72 months
  • We offer Conventional Loans, Rentals or the very popular TRAC lease
Loan Calculator
Downloadable Credit App
SOME HELPFUL ADVICE From TCF EQUIPMENT FINANCE

You've selected the equipment you want for your business. That part was easy. Now comes the big question, "How do you pay for it?" You have several options, each with it's own advantages. Let's evaluate them.

GOOD

Cash - If your business can afford it, you might decide to purchase the equipment outright. That's fine but it may deplete the financial resources that you could invest back into your business in more productive ways.

BETTER

Bank loan - Again a reasonable decision, but not neccessarily a practical one. Although it preserves capital, a bank loan may affect your available credit, and it will probably dip into your cash reserve. Most banks do not offer 100% financing.

BEST

Leasing - This may be the best alternative, because it offers the following advantages:

  • Leasing may lower the total cost of the equipment. Tax advantages often make leasing less expensive than an outright purchase or bank financing.
  • Leasing improves cash flow. Leasing allows you to pay for equipment as you use it to generate income for your business.
  • Leasing preserves available credit lines. You get the equipment you need now, without tying up valuable credit lines. Your borrowing capacity is available for operating needs.
  • Leasing provides fixed payments. Your monthly lease payments don't change, variable bank loans frequently do.
  • Leasing avoids restrictive covenants. Leasing usually does not impact balance sheet ratios or other restrictions in loan coventants.
  • Leasing offers 100% financing. Most bank loans require a substantial deposit or down payment.
  • Leasing provides a better hedge against inflation. Although you acquire the equipment at today's dollar value, you pay for it over a term of the lease in dollars that are devalued if inflation occurs.
  • Leasing conserves capital. Most businesses prefer to use their valuable capital as an investment in other aspects of their operation.aspects of their operation.
MORE Helpful Tips from TCF EQUIPMENT FINANCE:

LEASING IMPROVES CASH MANAGEMENT

Down Payment - Purchasing equipment often requires a down payment of 10% to 20%, but IWS Financial Services typically finances 100% of the equipment cost. Additionally, incidental costs associated with purchasing equipment such as sales tax, installation, training and software can be included as part of the lease payment rather than being paid in advance with the down payment. Not tying up your cash in large down payments and incidental costs, allows you to use it for more profitable purposes.

IMPROVED CASH FORECASTING

Fixed Payments - The fixed contractual nature of a lease eliminates any uncertainties regarding future cost of the equipment. This enables you to prepare more accurate cash forecasts and plans.

Predetermined Purchase Options - a IWS Financial Services Equipment Lease can give the lessee the option to acquire the equipment for a predetermined amount. This is particularly beneficial to the lessee when leasing equipment such as construction, commercial vehicles and various types of manufacturing equipment.

LEASING IS CONVENIENT

Leasingfrom IWS Financial Services offers many convenient benefits not available through conventional forms of financing. Acquiring the use of a lease involves much less time and paperwork than purchasing the assets.

LEASING IS A LESS RESTRICTIVE FORM OF FINANCING

Most loans contain loan covenants (current ratio and debt to equity ratio limits, a minimum times-interest-earned ratio level and certain other minimum measurements of profitability) which are often confusing to compute and time consuming to track. A IWS Financial Services Lease does not contain these covenants providing you with the ability to make unrestricted financial decisions and can also help avoid IRB limitations.

FINANCIAL REPORTING REASONS

Off Balance Sheet Financing - While purchasing equipment either adds debt or reduces cash, an operating-type lease does not change the appearance of your balance sheet. An IWS Financial Services operating type Lease does not require that you add a liability or reduce your working capital. Hence, your balance sheet retains its strength and your financial ratios (current ratio to acid test ratio) and measurements are better than if you had purchased the equipment.

Operating-type leases also require less bookkeeping than a purchase. Purchased assets must be capitalized and depreciated on your financial statements and loan payments must be separated into principal and interest, all requiring time and effort.



Due to continued product improvement and changes in supply, design, and production equipment, colors, material specifications, prices, and model availability are subject to change without notice. Some photography may show optional items.