A Fair Market Value (FMV) lease offers a low monthly payment, is the most flexible lease structure and may allow you to obtain tax advantages. Technically, you don’t own the equipment (think of it like renting over a fixed period of time). The equipment may not be considered an asset on your balance sheet. Depending upon your situation, up to 100% of the lease payment may be tax deductible. At the end of the lease term, you may purchase the equipment, return the equipment to the finance company, or continue to pay for use of the equipment according to the terms of the original agreement.
This structure is similar to a loan but offers 100% financing and the ability to include various soft cost into the lease. At the end of the lease term, ownership of the equipment is transferred to the Lessee. This type of lease also allows certain deductions not available in a Fair Market Value lease structure.
A buyback program is often called a fleet buyback or leaseback program. This type of fleet leasing program can help you improve your company’s cash flow, while also removing the depreciating assets (your company’s fleet of industrial rolling stock) and corresponding liabilities from the balance sheet. If your company owns its fleet of machinery, a buyback program may be just what you need.
If your company owns a fleet of vehicles, you can sell the vehicles to Taylor Leasing and Rental and immediately lease them back, helping to free up capital, while allowing you to keep your fleet of vehicles in service.
Our re-leasing program allows you to extend contracts on a month to month basis, often with significant savings along the way. The option to re-lease your industrial fleet with Taylor not only provides savings but the same great service and support you’ve become accustomed to. If you have grown particularly attached to one of our vehicles, our expert staff can facilitate Buyout Programs that offer some of the best prices in the market—not to mention the peace of mind that comes with knowing the vehicle’s history.
Our full-service programs put Taylor in charge of all your maintenance needs. From regularly scheduled service to emergency repairs, we’ll handle everything. You will get one monthly fee, no matter how much work your Industrial Fleet needs. This ensures higher productivity, safer drivers, simplified budgeting, and more peace of mind. Our Full Maintenance program is the ultimate way to protect you from the unpredictable nature of fleet maintenance expenses. This gives you a customized solution that allows for a true Fixed Cost.
Our Preventative Maintenance programs give you the flexibility to choose the services you want, and access to national parts distribution and service personnel anywhere in the United States. Regardless of the size and scope of your maintenance requirements, Taylor will customize a strategy that fits your needs, giving you more time to spend on your core business function.
Like everything else with your Industrial Fleet, Taylor Leasing and Rental wants you to have things just the way you want them. That’s why on top of all our Fleet Maintenance Programs, we also offer one that’s custom built by you. If you have unique vehicle needs, special site requirements or just prefer to use specific maintenance providers, we can build a fleet solution to match your operation.
With multitudes of industrial vehicles leased nationwide, Taylor Leasing and Rental always has a steady stream of quality used industrial vehicles coming off of lease. We have a wide selection of machinery, from High Capacity Forklifts and Logstackers, to Container Handlers and Reachstackers, which is constantly being updated. Most of our vehicles are typically less than five years old and have had only one user, making for minimal wear and tear. This machinery goes through our in-house remanufacturing facility for evaluation prior to sale.
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