Financing

Financing Options

Are you getting ready to expand your warehouse? Maybe you need to replace one of the lifts in your fleet? PennWest’s flexible finance programs can help you obtain the equipment you need with the financing option that is right for your operations.

 

Toyota Industries Commercial Finance

Toyota Industries Commercial Finance, Inc. (TICF) is the proud captive finance provider for Toyota Material Handling PennWest, Inc. As part of the Toyota family, they have been a leading provider of financing solutions since 1985.

Selecting the right financing is as important as choosing the right equipment. TICF offers a variety of loan and lease products and programs to help get you the equipment you need at an exceptional value. Choose from one of several financing options, including retail installment loans, closed-end leases, capital leases, flexible-term leases, master leases/credit lines and more. Want to know more about Toyota Commercial Finance and how you can best afford your next equipment purchase? Contact us today.

Toyota Commercial Finance Official Video

Leasing

Want the latest and greatest forklift and material handling equipment without expending the capital related to buying units? Leasing affords that flexibility. Our representatives can work with you to assess your facility, operations and business situation to help you find both the right equipment and the right financing package so you can focus on core competencies without worrying about cash flow.  Choose from options such as:

  • An operating lease, featuring the lowest monthly lease payment for Toyota equipment in the market and tax advantages.
  • A capital lease, allowing you to lease new Toyota equipment in severe applications and offering a low-priced purchase option when the lease is up.
  • one-pay lease, featuring one up-front payment at the beginning of the lease for diminished interest and administrative costs.
  • flex lease that allows you to return equipment early or continue a lease with dramatically reduced monthly payments.
  • retail installment balloon loan that allows low monthly payments that combines benefits of several other options with end-of-lease flexibility.

Purchasing

There are several advantages when purchasing a new forklift or equipment, but how you acquire the equipment may vary, depending on your situation. Some of the key benefits of purchasing are:

  • You will own the forklift or equipment
  • There are tax incentives to owning over leasing
  • You can depreciate the equipment
  • In many cases, has the lowest cost of ownership
  • You can choose when to upgrade your equipment

Financing Blog Posts (from Toyota Forklifts)

The five forklift financing options and their advantages

How to get a credit line for financing a forklift

The real impact of forklift financing

 

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