LEASE FINANCE PROGRAMS
BUSINESS OWNERS SPECIAL OFFER

EQUIPMENT FINANCING SPECIAL

 

 

$100 Down

6 Months at $100

Followed by 60 or 66 Months at a normal payment

Buyouts at end of lease can be $1.00, 10%

 

A)   MAXIMUM LEVERAGE – There is nothing like controlling an income producing asset with as little as one payment or $100 down. The first 6 months can make you enough profit to potentially pay off the rest of the lease. The equipment is not a drain on your cash flow because it pays for itself from day one.

 

B)   INVISIBILTY – Unlike bank borrowing, our lease contracts do not get reported to personal credit bureaus thereby leaving your personal credit free from your business borrowing. Because it is off balance sheet financing, it will not hurt your bank borrowing or other working capital lines of credit.

 

C)   MAXIMUM WRITE-OFF – IRS allows up to $112,000 write-off in the first year for leases. For example, if you do a $50,000 lease in 2008 you can choose to write-off the whole lease against your other business income in 2008. Bank loans are different in that they have to be depreciated over a 5-7 year schedule depending on the equipment asset.

 

D)   RATES – Lease rates are very close to bank rates. Sometimes leases are lower and sometimes banks are lower depending on the credit, collateral, time in business. When considering all the aspects of leasing, the benefits of leasing equipment far out weigh those of bank borrowing.

 

E)    FLEXIBLE TERMS – Our leases can be structured to the customer’s need depending on credit. We will tailor a payment plan for a specific customer using skip payments, seasonal payments, annual, semi annual, step up and delayed payment plans, etc,.

 

Maximum Leverage + Invisibility + Maximum Write-offs + Great Rates + Flexible Terms = Maximum Profit

 

                    Northwest Fleet Lease Corp.

Phone: (888)-819-3149 X-215, Fax(425)-251-6258

Milt Friedley (425)-466-2881 cell

 

 

 

*Tax Benefit of Leasing*

 

IT PAY$ FOR BUSINESS OWNERS

 TO KNOW ABOUT KEY LEASING BENEFITS…

IRS Section 179 and the new Job Creation

 and Worker Assistance Act of 2002 Bonus Depreciation


Did you know that you can lease equipment, hardware & software and DEDUCT up to $100,000.00 from your taxable income AND claim an additional 50% BONUS DEPRECIATION (in addition to your regular depreciation), all in this calendar year?!

 

DEDUCT $100,000

»AND»

TAKE ANOTHER 50+% OFF!

 

There has NEVER been a better time to take advantage of the tax benefits of leasing!  Many businesses will be eligible to DEDUCT up to $100,000 against this year’s income under IRS Section 179.  Further, most of those same businesses can also claim 50% accelerated BONUS DEPRECIATION plus their regular depreciation, under the recently enhanced “Job Creation and Worker Assistance Act of 2002,” an economic stimulus package.  And unlike a cash purchase where you have to spend the money to be able to deduct it, leasing allows you to LEVERAGE YOUR CASH INVESTEMENT.  You only have to enter into the lease, TO CLAIM THE FULL DEDUCTION, FOR THIS TAX YEAR.

 

ÞDeduct $100,000 under Section 179 “off the top, “ this year

ÞClaim 50% IRS Bonus Depreciation “of the top,” this year

ÞClaim your regular IRS Depreciation this year as well

 

Write off $130,000 during the first year of a $150,000 lease – Here’s the math:

1)      $150,000 - $100,000 (Section 179) = $50,000.  2) $50,000 - $25,000 (50% Bonus Depreciation) = $25,000.  3)  $25,000 - $5,000 (e.g. 20% depreciation/5 year property) TOTAL FIRST YEAR WRITE-OFF = $130,000!  And remember, you get the entire write-off even though your actual cash “out of pocket,” is only this year’s lease payments. Many businesses will be CASH FLOW POSITIVE, even after acquiring new equipment.

 

The “fine print:” Applicable to capital/finance ($1 Buyout type) leases, not operating leases.  Leases valued at $100,000 (or more) qualify for the full $100,000 deduction.)  Lease amounts under $100,000 are eligible for deductions,25% of cost for calender year 2005,2006,2007,2008, dollar-for-dollar, up to the $100,000 annual maximum.  Any amounts in excess of $100,000 (annual total under Section 179) can be depreciated. At 25% of the cost of the equipment.  Total cost of all eligible property cannot exceed $400,000.  Deductions cannot exceed taxable income, but may be carried forward. For newly modified Bonus Depreciation, new equipment must be placed in service after 5-5-2003, and the asset must have a depreciable life of less than 20 years. For clients with stronger credit, we can also defer initial lease payment for 90-120 days for even greater leverage. IMPORTANT NOTE: Clients should consult a qualified tax professional on all tax matters.

 

For more information contact:

Milt Friedley at (888)-819-3149 X-215  (425)-251-6258 fax

miltf@nwfl.com

 

        

 

EXPRESS LEASE

CREDIT APPLICATION

Milt Friedley 

18110 E. Valley Hwy

KENT, WA  98032

 (425) 251-6000 X-215 (888) 819-3149 X-215 w FAX (425) 251-6258

www.nwfl.com  email: miltf@nwfl.com

 

CREDIT APPLICATION

q Proprietorship

 

 

Lessee’s                                    

Name

q Partnership

q Corporation

                               

 

Physical

Address

State of Incorporation

 

Date         /      /       

 

 

City, State, Zip                                                                                          

Phone Number

(       )

 

Mailing  

Address

Cell Phone Number

  (       )

 

Nature of

Business

 

Years in

Business

 

# of

Employees

Principal                                                                                                             Social Security Number

                               

               

 

* Equipment Cost

 

$

Home Address                                                                                                       Percentage of ownership

 

                                                                       

 

* Other

 

$

City, State, Zip                                                                                           Home Phone Number

                                                                                                                (       )  

 

TOTAL LEASE AMT:

 

$

Principal                                                                                                               Social Security Number

 

* If sales tax payment is required (e.g. CA, ME, NV,

 NJ) rather  than  use tax (tax on monthly payment)

 Add sales tax to above total lease base.

Home Address                                                                                                         Percentage of ownership                                          

 

FED TAX I.D. #

City, State, Zip                                                                                                Home Phone Number

                                                                                                                     (       )

 

                       UBI Number

Vendor Name                                                                                             Contact

 

 

Phone Number

(       )

Equipment

Description

 

Lease

Terms (Mo.)

Bank Reference:                                                                                         Account

Name & Branch                                                                                          Officer

 

Phone Number

(       )

City, State, Zip                                                                                                   Checking Account Number

 

 

                 

 

Trade References (Name, Address, Telephone Numbers, Account Numbers)

 

1.       (Landlord)                                                                                                                                                                                                                          

2.                                                                                                                                                                                                                                              

3.                                                                                                                                                                                                                                              

4.                                                                                                                                                                                                                                              

Insurance Information (Name, Address, Telephone Number, Policy Number)

 

1.                                                                                                                                                                                                                                              

 

RELEASE: We have answered the questions in this application fully and truthfully.  We understand that you or your lender may check our credit records and any statement we have made.  We give all of our creditors permission to give to you or your lender any information you or your lender need to determine whether you wish to grant credit to us.  We also grant permission to you or your lender to provide to credit reporting agencies and other creditors information relating to us.  I authorize all deposits and borrowing information to be released by telephone or fax.

                                                               

SIGNATURE                                                                                                             TITLE __________________   DATE  ____________

 

 

 

Rev 4/08

 

 

 

Northwest Fleet Lease Corp

If you are applying for joint credit with someone other than your spouse.

Your co-applicant must complete a separate application.   

 

Tell Us About Yourself

FULL NAME

 

 

SOCIAL SECURITY NUMBER

OTHER NAMES IN WHICH CREDIT HAS BEEN GRANTED

DATE OF BIRTH

 

 

STREET ADDRESS                                            CITY                                         STATE                                      ZIP

 

 

YRS. THERE

# OF DEPENDENTS

HOME PHONE

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