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Determining the right structure to finance your truck starts with what you plan to do with the truck or how much use your truck will get. Do you plan on owning your truck or trading it in? If your plan is to own your truck outright then a loan or capital lease might be what you are looking for. If you are not covering a lot of ground or yourtruck is not getting a lot of use then these options make sense. However, if your plan is to own the truck and run it into the ground, that might initially save you some money until it breaks down and you have to cover the costs to repair it. The benefits of a loan would be that you are not locked into a term. As opposed to a lease, you would be able to pay off your loan early withoutprepayment penalties. This gives you the flexibility to pay off and sell your truck at any time. A loan would be seen on your books as a liability, or a debt, and you would be allowed to only write off the interest expense each year in addition to your depreciation. The benefits of an operating lease would be that you would be able to write off the entire monthly payment of your truck as opposed to just theinterest expense. You would also be allowed to keep this debt off of your books as a liability as it would be considered a rental. In addition, you would also be allowed to accelerate the depreciation of your truck over the term of the lease. Depending on the term of your lease and the tax allowances for that particular year, this may or may not be an additional benefit to you. References: http://www.fasb.org/summary/stsum13.shtml http://www.section179.org/ http://equipmentfinanceservices.com/about-integrity-financial-groups/ http://www.smarterfinanceusa.com/equipment-loan-vs-lease http://pages.stern.nyu.edu/~adamodar/New_Home_Page/AccPrimer/lease.htm http://www.businessdictionary.com/definition/prepayment-penalty.html https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/A-Brief-Overview-of-Depreciation http://www.accountingcoach.com/blog/what-is-interest-expense Dallin Hawkins Director of Sales & Operations Integrity Financial Groups “Where Integrity Comes First!” Phone: 801-386-8222 Direct: 801-386-8174 Fax: 801-880-0009 Email: [email protected] http://equipmentfinanceservices.com - See more at: http://equipmentfinanceservices.com/what-structure-is-right-for-you/ The Next Generation in Lubrication TechnologyEnvironmental Engines APT treatments are a non-petroleum based. Our Treatments are non-flammable (contains no solvents), non-corrosive, non-toxic, biodegradable, synthetic ceramic metal treatment. In fact, our treatments are the only synthetic, environmentally friendly, smog reducing metal treatment in the world, that works as stated, not 50-70% of the time, But 100% of the time. Our treatments start working within minutes of being added, you will hear it, feel it, see it!
Reduce EmissionsEnvironmental Engines APT Engine treatment and motor oil reduce emissions by up to 90% in both automobile and diesel engines. Lower emissions, increased power, higher fuel economy. Our treatments and oils will bring your engine to its maximum performance. You and your vehicle will feel good about going green. APT HVACEnvironmental Engines APT HVAC treatment increases power usage by 30 to 50% in most cases. When your HVAC unit is working less, dollars are going straight to your pocket. Better performance, enhanced efficiency, less energy all add up to a cleaner and APT HVAC unit. Super X and X Motor OilsEE Motor Oils with APT technology will run vehicles for 30,000 and 15,000 miles between changes, all while powering the engine with increased performance and lower maintenance costs. With SuperX and X Motor Oils, save thousands of dollars in oil… Reducing the environmental impact has never been so profitable. EE LubesAll Environmental Engines APT Grease and Lubes improve efficiency, extend equipment life, reduce downtime and help protect against unscheduled maintenance. APT Grease and Lubes will improve your “bottom line” by reducing energy usage, reducing maintenance costs, and reducing capital equipment replacement. Behold... You have found your custom blender! Name your need and we will fill it with Advanced Protection Technology today... Josh A. Turner Co-Founder of Environmental Engines, Efficiency Expert, Lube Specialist 909-275-4438 [email protected] http://www.environmentalengines.com/ https://www.linkedin.com/pulse/best-next-gen-solutions-here-now-joshua-a-turner?trk=mp-reader-card Hope you are all out having a wonderful weekend! Just wanted to take a second and introduce myself. My name is Joshua Turner and I have spent my entire adult life working with engines. After 18 plus years of driving people around in the most amazing places like Maui, Hi., Seward, Ak., St Thomas, USVI, and years as the Fleet Captain for SunSeeker dealer in Newport Beach California. Each one of these places gave me unique perspective on how engines deal with different conditions over long periods of time. I developed and helped to develop a number of maintenance programs for both tour companies as well as well known distributors like SunSeeker. In 2007 my good friend and now business partner approached me with an amazing new product line and we decided to start a business that was build off of three key principals. 1) ROI: meaning every product we promote and that carries our label will first and for most yield a Return On Investment. (Increased Fuel economy, Decreased maintenance costs) 2) Must deal with one of the many known inefficiencies within the internal combustion engine. 3) Must Decrease the harmful Ghg emissions that come standard with all fossil fuel engines. We at EEi now have a technology that we are proud to bring to you and we will be working hard to get these products to a shelf near you very soon. Until then the state of the art one time Engine and Transmission treatment we call the "Starter Kit" can be purchased in our online shop @ www.tinyurl.com/APTStarterKit Please feel free to contact me at any time if you have any interest in helping us promote a truly next generation lubrication product line. Following this your oil change intervals will move to 15,000 and 30,000 miles depending on your choice of our SuperX and X Motor oil selections. Truckers, Racers, Marine or soccer moms... We have exactly what your engines need! We are currently working with Distribution channels in Scandinavia, Central America and China. We are currently putting together our launch strategies for the US markets. We have 18 independent sales reps so far... I you are interested in knowing more about the possibilities of working with team Environmental Engines please contact me at 909-275-4438 or email at [email protected] Josh A. Turner Co-Founder of Environmental Engines, Efficiency Expert, Lube Specialist 909-275-4438 [email protected] http://www.environmentalengines.com/ See Original Article At: https://www.linkedin.com/pulse/thanks-letting-me-introduce-myself-joshua-a-turner In our experience, it will depend on the structure of the financing you are looking at, whether it is a loan or a lease. Credit also plays a role in the transaction whereas the stronger the credit profile is, the more “soft costs” would be allowed in the transaction. If you are looking at a lease, your state will also play a role in how sales taxes are handled. Most state taxes would be on the stream, or included on your monthly payment each month. States like Delaware, Illinois, Maryland, Missouri, Nebraska, Nevada, New Mexico, North Carolina, Oklahoma, South Carolina, Texas, Vermont, Virginia and Wisconsin will ask for state taxes upfront. If you are looking at a lease option, the upfront sales tax will be paid to the state by the lender and will be included in the amount financed so this cost is spread out over the term of the lease. Typically with a loan, the amount financed is a percentage of the determined value of the truck so sales taxes are not included. Most LTV or Loan-To-Value percentages won’t exceed 100% of the MSRP, or Manufactures Suggested Retail Price of the vehicle. Also if you are looking at a loan option, most loans require a down payment which is typically the difference between the estimated value of the truck and the sales price.
Dallin Hawkins Director of Sales & Operations Integrity Financial Groups "Where Integrity Comes First!" Phone: 801-386-8222 Direct: 801-386-8174 Fax: 801-880-0009 Email: [email protected] http://equipmentfinanceservices.com Reference: http://equipmentfinanceservices.com/can-i-put-my-sales-tax-into-my-truck-loan/ http://integrityfinancialgroups.tumblr.com/post/140343730839/can-i-put-sales-tax-into-my-truck-loan http://www.equipmentfinancer.com/#!Can-I-put-my-sales-tax-into-my-truck-loan/c1llv/56d73c4a0cf25a66a5351fab https://sites.google.com/site/equipmentfinanceservices/in-the-news/caniputmysalestaxintomytruckloan https://equipmentfinanceservices.wordpress.com/2016/03/02/can-i-put-my-sales-tax-into-my-truck-loan https://medium.com/@dallinhawkins/can-i-put-my-sales-tax-into-my-truck-loan-3b0f2371aace#.3gmzi7p5q |