Financing

Temco Financial offers unbeatable financing options for our customers. If you are in the market for a new or used truck, and are in need of financing, we are here to help. Please feel free to contact our Finance Manager today to get started on your next business venture.

INFORMATION
Rick Seiler
Finance Manager
rickseiler@emtharp.com
(559) 442-1590
Toll-Free: (800) 936-4567

LOANS VS LEASES

Traditional financing and leasing have their own advantages, but finding the right option for you depends upon your specific situation. First, you need to determine which program works best for you and your business. After that you can dive into the specific options available within your narrowed scope. To help you make the right initial decision, Temco Financial has identified and compared the benefits of traditional financing and leasing for you to the right.

In addition to your specific business circumstances, which will always be the biggest factor in determining which solution is best for you, different payment options should also be considered.

Whatever your decision, Temco Financial offers the largest number of financing options, including fixed rate and variable rate loans and leases, skip payments, and token payments.

• You Need a Lower Initial Cash Outlay

  A financial LEASE will be your best option if you have a lower initial cash outlay.



• You Need a Lower Monthly Payment

  A financial LEASE will be your best option if you would like a lower monthly payment on your vehicle.



• You Want to Own Your Vehicle Or Equipment at Maturity

  A financial LOAN will be your best option if you would like to own your vehicle or equipment at maturity. However, a Lease may be optional in this case. Speak to our Finance Manager to decide the best option for you.



• You Want Off-Balance Sheet Financing

  A financial LOAN is not the best option for you if you need off-balance sheet financing. However, a LEASE may be possible in this case. Speak to our Finance Manager to decide the best option for you.



• You Have Mileage or Usage Restrictions

  A financial LOAN is not the best option for you if you have mileage or usage restrictions. However, a LEASE may be possible in this case. Speak to our Finance Manager to decide the best option for you.



• You Want Tax Deductible Payments

  A financial LEASE may be the best option for you in this case. However, you may be able to deduct interest with a financial LOAN. We recommend speaking to your tax agent, as well as our Finance Advisor to choose the best option for you.



• You Want Tax Deductible Payments

  A financial LOAN could be the best option for you in this case. However, we recommend speaking to your tax agent, as well as our Finance Advisor to choose the best option for you.

FINANCING VS CASH

Buying a truck with cash – rather than securing financing – sounds smart, but determining if that is the best solution for you is not quite as simple. Choosing between cash or financing should be based on your long-term business goals; not merely on whether you have available cash in the bank.

Expanded Options

When you finance your truck purchase, you are keeping your options open. Growing your business takes cash; and business opportunities sometimes present themselves unexpectedly. Having available cash puts you in a position to benefit when opportunity arises, so why tie up your cash in equipment purchases?

More Flexibility

When you finance your truck to maintain a cash cushion, you remain flexible and better prepared to cope with unforeseen circumstances. Fuel prices, competition, economic factors and labor costs are just some of the issues facing the trucking industry on a daily basis.

Accommodating Terms

When you choose to finance, you are allowing yourself to take advantage of the variety of options available – each with differentiating benefits in order to best suit your needs.

Better Credit Rating

Securing financing for your truck purchase is a good way to build or improve your business credit rating. A good credit rating provides a strong foundation for your business, which means you’ll have another level of security during all types of business climates.