Equipment

Financing & Leasing

Dowload Credit App

Helping Drive Your Business to

The Next Stage®

Harvestore and Wells Fargo Financial Leasing have teamed up to offer you a variety of financing solutions to help you maximize the return on your investment. We are dedicated to helping you find the best financing solutions for your needs.

 

 

Advantages of Working with

Wells Fargo Financial Leasing

  • Committed to quality customer service and products
  • Can finance the entire project - equipment, excavating, construction, concrete, electrical, etc. From start to finish, the entire job can be financed
  • Minimal upfront expense, which helps preserve your cash for other needs
  • Monthly and annual payments can be structured for maximum flexibility to help you stretch your dollars for the greatest earning potential
  • Payment options can be tailored to fit your needs
  • Possible fixed financing terms up to 7 years on used Harvestore structures, and up to 10 years on new Harvestore structures
  • New XL Unloader financing is available with 3 or 5 year terms
  • Many options to choose from, so you can find the best financing solution for your busness

 

 

 

 

Lease Loan
Leasing equipment requires the user to be responsible for the equipment for just as long as he or she is using it and in possession of the asset. Owning equipment requires the buyer to be responsible for the entire life of the equipment.
Lessors frequently offer asset management services as part of the lease, transferring the responsibility for tracking the equipment to the leasing company. Equipment owners are responsible for tracking the asset through its entire life cycle.
In many leases, the burden of maintenance, interest, taxes and insurance is managed by the lessor. The owner of equipment must manage all maintenance costs, interest, taxes, and insurance.
The end user transfers all risk of obsolescence to the lessor since there is no obligation to own equipment at the end of the lease. The owner bears all the risk of equipment devaluation. Obsolescence must be tracked by the owner.
Leasing allows for easier upgrades, including master leases that allow for additional equipment to be acquired under original terms and automatic upgrades to new equipment and technology Owners must manage the disposal or selling of outdated equipment. This can slow down the upgrade process.
Leased assets are expensed when the lease is an operating lease. Such assets do not appear on the balance sheet, which can improve financial ratios. Owners must manage asset liability on their books. Financial accounting standards require owned equipment to appear as an asset with a corresponding liability on the balance sheet.
Leasing usually has a lower impact on cash flow due to lower payments. Buying equipment has a greater, immediate impact on cash flow, either through an outright purchase or through loan payments historically higher than lease payments.