HOME OWNER
WATER WELL DRILLING
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

PREVIOUS ADDRESS                                        CITY                                         STATE                                      ZIP

 

 

YRS. THERE

DRIVERS LICENSE NUMBER

 

NEAREST RELATIVE NOT LIVING WITH YOU

 

 

ADDRESS

PHONE

RELATIONSHIP

NOTIFY IN EMERGENCY (Not a relative)

STREET ADDRESS                                            CITY                                         STATE                                      ZIP

 

 

PHONE

YOUR EMPLOYER (If self-employed, state name on business)

 

 

STREET ADDRESS                                            CITY                                         STATE              ZIP

POSITION/PROFESSION/OCCUPATION

 

 

YRS. THERE

BUSINESS PHONE

GROSS MONTHLY SALARY

PREVIOUS EMPLOYER

 

 

STREET  ADDRESS                                           CITY                                         STATE              ZIP                       

YRS. THERE

POSITION

IMPORTANT:        YOU DO NOT HAVE TO INCLUDE INFORMATION ON INCOME FROM ALIMONY, CHILD SUPPORT, OR SEPARATE

                            MAINTENANCE UNLESS YOU WANT US TO CONSIDER IT IN GRANTING CREDIT.  IF YOU WISH US TO  RELY ON

                            SUCH INCOME, IT SHOULD BE INCLUDED IN THE SPACE FOR OTHER INCOME.

OTHER  INCOME

 

$

SOURCE OF INCOME

                                 

 

Other Information   If you answer “yes” to any of these questions, please explain on reverse.

1.  Have you declared bankruptcy within the last 14 years?  qYes   q No    2.  Are you a defendant in a legal action or suit?  q Yes   q No     3.  Are you a guarantor?   q Yes    q No

4a.  If you live in  a community property state such as Washington or Idaho, or this is a joint application,  or you are applying for secured credit, are you    q Married     q Unmarried     q Separated

4b.  If married and residing in a community property state, have you entered into a separate property agreement with your spouse?  q Yes     q No

 

 

 

Tell Us About Your Spouse

Please provide information about your spouse if you’re married and living in Washington, Idaho, or another community property state, if you’re applying for a joint account with your spouse or if you’re relying on your spouse’s wages to repay us.

 

SPOUSE’S NAME

 

 

SOCIAL SECURITY NUMBER

OTHER NAMES IS WHICH CREDIT HAS BEEN GRANTED

DATE OF BIRTH

 

 

 

STREET ADDRESS                                            CITY                                         STATE                                      ZIP

 

 

YRS. THERE

DRIVERS LICENSE NUMBER

 

 

SPOUSE’S EMPLOYER

 

 

STREET ADDRESS                                                                    CITY                                         STATE                                      ZIP

 

POSITION

 

 

YRS. THERE

BUSINESS PHONE

GROSS MONTHLY SALARY

 

PREVIOUS EMPLOYER

 

 

STREET  ADDRESS                                           CITY                                         STATE              ZIP                       

YRS. THERE

POSITION

 

IMPORTANT:        YOU DO NOT HAVE TO INCLUDE INFORMATION ON INCOME FROM ALIMONY, CHILD SUPPORT, OR SEPARATE

                            MAINTENANCE UNLESS YOU WANT US TO CONSIDER IT IN GRANTING CREDIT.  IF YOU WISH US TO RELY ON

                            SUCH INCOME, IT SHOULD BE INCLUDED IN THE SPACE FOR OTHER INCOME.

OTHER  INCOME

 

$

SOURCE OF INCOME

 

                             

 

Tell Us About Your Financial Profile        List all debts and obligations. (Attach another page if necessary)

YOUR ASSETS

CURRENT VALUE

YOUR DEBTS/CREDIT REFERENCES

BALANCE  OWING

MONTHLY PAYMENTS

 

CASH IN BANKS

(total from schedule 1)

 

 

$

PRIMARY RESIDENCE MORTGAGE LOAN(S)/OR RENT PAYMENT

 

$

 

$

 

PRIMARY RESIDENCE

(total from schedule 2)

 

 

 

 

OTHER REAL ESTATE MORTGAGE LOAN(S)

 

 

 

 

 

OTHER REAL ESTATE OWNED

 

 

 

BANK LOANS (list separately)

 

 

 

 

AUTO – YEAR/MAKE/MODEL

 

 

 

 

 

 

 

 

AUTO – YEAR/MAKE/MODEL

 

 

 

CREDIT CARDS (list separately)

 

 

 

OTHER ASSETS (describe)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALIMONY/CHILD SUPPORT

 

 

 

TOTAL ASSETS

 

 

$

TOTAL OBLIGATIONS

 

$

 

$

 

 

 

 

 

 

 

SCHEDULE 1

BANK

BRANCH

ACCOUNT NUMBER

BALANCE

 

CASH IN BANK q CHECKING

                                q SAVING

 

 

 

 

 

 

 

                                q CHECKING

                                q SAVING

 

 

 

 

 

 

 

 

 

 

 

 

 

SCHEDULE 2

PURCHASE DATE

PURCHASE PRICE

CURRENT VALUE

CURRENT OWING

MONTHLY PAYMENT

MONTHLY INCOME

PRIMARY RESIDENCE

 

 

 

 

$

 

$

 

$

 

$

 

$

OTHER (describe)

 

 

 

 

$

 

$

 

$

 

$

 

$

 

 

 

 

 

 

$

 

$

 

$

 

$

 

$

                               

 

APPLICATION’S STATEMENT: I’VE ANSWERED THE QUESTIONS IN THIS APPLICATION FULLY AND TRUTHFULLY.  I UNDERSTAND  THAT YOU MAY CHECK MY CREDIT RECORD AND ANY STATEMENTS I’VE MADE.  I GIVE ALL MY CREDITORS PERMISSION TO GIVE YOU ANY INFORMATION YOU NEED TO DETERMINE WHETHER YOU WANT TO GRANT ME CREDIT.  I GIVE YOU PERMISSION TO GIVE CREDIT REPORTING AGENCIES AND OTHER CREDITORS INFORMATION RELATING TO ANY CREDIT YOU MIGHT GRANT ME.

 

NORTHWEST FLEET LEASE CORP

18110 E. VALLEY HWY  w KENT, WA  98032

PHONE : (425) 251-6000 X-215  (888) 819-3149 X-215

FAX (425) 251-6258         Milt Friedley

WEB SITE: www.nwfl.com        E-MAIL: miltf@nwfl.com

APPLICANT’S SIGNATURE

 

 

DATE

 

SPOUSE’S SIGNATURE (IF APPLICABLE)

 

 

DATE

 

 

Lease a Unit NowClick to Apply:Consumer Application Done in 4 Hours   Commercial Application      

 

 

 

Expand your business by leasing!

Now it's easy and affordable to acquire the products you need without depleting your cash or borrowing from the bank. By taking advantage of equipment leasing  you have a cost-effective way to obtain Well Drilling equipment and supplies  at a price you can afford. Leasing is available only for commercial, professional, and not-for-profit organizations — retail customers or month-to-month rentals. Transactions are originated through independent lessors. The leasing option is one more reason that A & D Drilling Supply Corp. is the "Professional's Source."