offers competitive financing o.a.c. for Masteel's quoted metalworking technology to best fit your specific applications.
Here are three common equipment financing options (click on each to see a short description) with terms to be discussed to best suit your business model:
You purchase equipment and borrow the money to cover the full price which is paid back in fixed monthly instalments over a fixed term. When all the payments have been made the equipment is yours.
You lease equipment with fixed monthly lease payment over the length of the lease term. Once this term ends you have the option to either pay a preset residual amount which gives you total ownership of the equipment or refinance the residual to continue the lease.
You rent equipment with fixed monthly rental payments over the length of the rental term. Once the contract has been completed, you can then choose to either give the equipment back, continue renting or buy it outright at fair market value.
The most common financing for metalworking machinery is a lease over 48 or 60 months.