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Leasing and Finance

Take advantage of 2024 Section 179 Tax Credits!

Partnered with Leasing Resources Inc.

Order your new Altendorf machine today!

Get More Production Instead of Sending a Check to the IRS

Now is your opportunity to take a Section 179 tax write-off

Let the experts at Leasing Resources Inc. (LRI) help you finance a new piece of equipment:

  • Add more Capacity to your Business
  • Finance with No Money Out of Pocket
  • Write the Equipment Off

Section 179 deduction for 2024 increases to $1,220,000

Businesses purchasing, financing or leasing (Capital or $1.00 types) new and used equipment in 2024 can elect to expense up to $1,220,000 under IRS Section 179. The Section 179 rules are designed for small companies, so the write-off is reduced dollar-for-dollar as total equipment purchases for the year exceed $3,050,000.

60% Bonus depreciation

The Bonus Depreciation deduction has decreased to 60%. Businesses of all sizes can depreciate 60% of the cost of new and used acquired equipment good through 2024. This will decrease by 20% each year until it expires at the end of 2026. Unlike Section 179 there is no cap on the amount that can be depreciated under this provision.

Section 179 Example: $75,000.00 Total Equipment Cost

Equipment Cost

$75,000

2024 Section 179 Deduction

$75,000

Tax Savings*

$26,250

Equipment Cost after Tax Savings**

$47,250

*Assuming a tax bracket of 35%, ** Equip Cost-Tax Savings

Get the Equipment You Need Today!

Our partner Leasing Resources Inc. (LRI) offer a range of lease types that relate to your specific financial needs.

Special Low Rates

Terms ranging from 12 – 84 months

Quick & Easy Application only

*Up to $1,000,000

Simple Documentation

Our financing allows you to respond quickly to new opportunities with minimal documentation and red tape. Your application can be approved promptly and you can receive your equipment quickly.

100% Financing

Our leases and Equipment Finance Agreements cover not only the equipment, but can also include soft costs such as installation, training, shipping and supplies. Banks tend to require 20% down, depleting your cash reserves. We can help preserve your bank lines at competitive rates.

Tax and Accounting Benefits

The IRS does not consider Tax Leases (FMV, 10% Options) to be a purchase, but rather a tax-deductible expense. You may be able to lower your taxable income by deducting lease payments. Non-tax leases ($1.00 buyout) and Equipment Finance Agreements are attractive to customers who desire the tax benefits of ownership and use of Section 179. Consult your tax advisor for the specific impact on your business.

Flexibility

You can structure creative payments including deferred and skip/seasonal plans. Convenient end of lease options are available: purchase the equipment, return the equipment, or renew the lease. We can customize a payment structure that works for you.

Your LRI Contact Person

Ready to finance a new machine? Complete our simple and secure online application or contact Logan Harrell at Leasing Resources Inc. (LRI) and find out how you can make the most of the Section 179 tax deduction.

E-Mail:

Tel: 704.900.4133

Apply online today

*The information presented above is not specific legal, tax, or accounting advice. Consult an accountant or other tax professional to confirm your eligibility for tax incentives and benefits.

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