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To stay competitive and lower your manufacturing costs, mold making companies
must take advantage of the most advanced machine tool manufacturing technology.
This requires investing hard earned cash. Now by working with Makino Inc., a
full range of financing options can be structured to meet any capital and cash
flow requirements. Companies can review flexible, affordable financing options
on the widest range of high quality machines to help achieve business
objectives.
"Because we offer the world's most respected machine tools, customers get
equipment with stronger resale value," says Christopher Lyle, customer finance
manager at Makino. "The combination of our financial strength and established
reputation for unrivaled performance and support means lower payments, stronger
cash flow, and a more valuable machine at the end of the term."
A Wide Variety of Financial Products Offered for a Diverse Group
The goal of this program is to provide all potential buyers—whether a small mold
shop or a Fortune 500 company, and regardless of geographic location—with a
broader means to acquire capital equipment for their business, making them more
globally competitive. Makino will design transaction terms, types and structures
to match the customer's tax and accounting objectives. This can be done through
a range of financing options, including:
Many of these options offer fixed and floating rates, flexible payment
structures and the option of calculating a monthly payment to match revenue.
With a Capital Lease, the buyer and seller agree at the beginning of the
lease on a prearranged purchase price, which the customer may exercise at the
end of the term. During the lease term, Makino will retain a security interest
in the equipment, while the customer enjoys the benefit of ownership and
receives depreciation benefits. The customer's credit line remains available for
other needs during the lease, and a payment schedule can be structured to help
them pay for the equipment as it generates revenue.
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Makino's rates are competitive with those of financing and leasing companies
across the country.
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Loan Agreements are available monetary advances to the borrower for the purpose of acquiring or
refinancing equipment. The asset is pledged as security until the loan, plus
interest, is fully repaid. This closely resembles a capital lease, though it
often requires a 10 to 20 percent down payment. As with the capital lease, the
borrower enjoys the benefit of ownership of the asset during this program, and
is entitled to depreciation and other tax benefits.
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With a Tax Lease or "true lease," Makino Equipment Finance maintains
ownership of the selected equipment and then leases it to the customer. This is
typically done for a period of three to seven years. The borrower realizes
stronger cash flow with the benefit of lower lease payments, and has a hedge
against equipment obsolescence and inflation. Borrowers may then upgrade as
often as necessary to keep abreast of technological advances, with lease
payments deductible as a business expense to help reduce taxation burden and
budget restrictions. Several available options include a capped purchase option,
an early buy-out, return of the equipment and a refundable security deposit.
With a Rental Agreement, the customer gets short-term utilization of Makino
equipment for a minimum term of 12 months. In addition, the customer has an
opportunity to purchase the equipment or renew the rental agreement upon its
scheduled expiration. Rental agreements come in two forms. Rent-to-own is an
option for those who may want to eventually buy the equipment, and offers low
buyout purchase options, flexible rental renewal and easy return options.
Month-to-month rental agreements are for customers who have no plans to buy, but
desire the convenience of utilizing Makino equipment with the ease of returning
it at the end of the rental period. One benefit of a rental agreement includes a
"try before you buy" option to determine if Makino is the right machine for
their shop.
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Cross-Border Financing provides finance solutions to prospective buyers,
regardless of geographic location. Flexible terms ranging from one to seven
years are available, and the manufacturer can begin production and generate cash
flow before any installments become due. Other benefits include 100 percent
financing, attractive pricing and an easy option for local borrowing, which
could be less expansive than in other countries around the world.
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Makino will design transaction terms, types and structures to match the
customer's tax and accounting objectives. This can be done through a range of
financing options.
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With the aforementioned financing options, the buyer is able to conserve
needed capital and preserve existing credit lines, improve cash flow, pay for
equipment as used and manage capital expenditure restrictions. Makino's rates
are competitive with those of financing and leasing companies across the
country.
Getting Started
Makino sales professionals are experienced in equipment
finance, manufacturing and machine tool markets. Financial representatives are
trained in pricing, structuring, documentation, equipment valuation, tax,
accounting and credit underwriting.
"The entire Makino team is dedicated to
processing customer applications in the shortest possible time, while
documenting and funding transactions in accordance with customer instructions,"
said Lyle. "Our staff possesses the knowledge and authority to assess a
customer's situation and design a financing structure accordingly."
Application is possible on-line by visiting
www.makino.com, under the
Financing sidebar heading, with approval often provided within hours. Additional
details on Makino equipment financing may be obtained by contacting a Makino
sales representative or requesting information from Christopher Lyle at
513-573-7461.
With the best technology available and the cash to back it, manufacturers
can't go wrong going Makino
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