STURGEON BAY, WI (June 20, 2017) – The partnership between Marine Travelift and M2 Lease Funds is proving to be a huge benefit to customers as a cost-effective solution to buying both new and used equipment. M2 provides acquisition assistance to customers of Marine Travelift boat hoists, forklifts and transporters.
M2 Lease Funds specializes in the leasing and financing of commercial and industrial equipment to the marine and shipyard industry and with their decades of background in the industry, they can tailor a plan specifically for a customer’s application.
“Through leasing opportunities with M2 Lease Funds, Marine Travelift customers are provided with an additional source of funds, leaving their capital available for future business opportunities,” said John Engelbrecht, Founder & CEO. “We are able to provide fixed rate financing, 100% financing, seasonal payment options, and we also provide financing on both new and used Marine Travelift equipment.”
The non-tax capital lease also allows smaller businesses to minimize out-of-pocket cash and still take the full Section 179 Deduction. With a non-tax capital lease, a business can acquire and write-off up to the deduction limit worth of equipment without actually spending that amount in the same year.
“Some customers think that the Section 179 tax deduction and bonus depreciation is not available with a lease; however, companies can lease equipment and still take full advantage of that Section 179 deduction,” said Engelbrecht.
“In fact, leasing equipment and taking advantage of the Section 179 deduction is a preferred financial strategy for many businesses, as it can significantly help with not only cash flow, but with profits as well,” Engelbrecht added.
For those not familiar with the Section 179 accelerated depreciation act for 2017, it allows all the depreciation that may normally be taken over a 5-10 year span, to be realized in year one. Jack Anderson of The Martin Walter Company, the Northeast distributor for Marine Travelift, spoke about a recent installation.
“A customer who recently acquired a 75BFMII mobile boat hoist with a M2 custom tailored financing plan told me that they will take a tax credit in year 1 of over $100,000.00. This credit reduced the amount of the 75BFMII by 35%,” said Anderson. The amount being saved is based on each customer’s specific tax rate (consult your tax advisor for more details).
Anderson added that the M2 lease finance/programs give customers flexible options when investing in new boat handling equipment while also giving them the opportunity to experience all the benefits and innovations that upgrading this key important component of their business brings to any shipyard or marina.
Aside from reduced service expense, more up time and potentially bigger hauling capacity, customers realize improved safety and operational benefits with the wireless remote control system that now features digital load capacities right on the remote. Also, the Bluetooth remote diagnostic program that is standard on all boat hoists today helps pinpoint potential issues quickly. These time savings improvements in the boat handling process, combined with the high resale market for a customer’s current machine, make this a great time to upgrade.
For more information about Marine Travelift and its full range of mobile boat hoists, forklifts and transporters as well as the financing options available from M2 funds for Marine Travelift products, call (920) 743-6202, email the sales team at firstname.lastname@example.org or visit www.marinetravelift.com.
This example does not constitute tax advice as every individual or organization has unique circumstances. Please contact your tax advisor to determine the tax ramifications of acquiring equipment for your specific business.
The world’s first mobile boat hoist was conceptualized and manufactured in Sturgeon Bay, Wisconsin, in 1945. Officially established in 1954, Marine Travelift Inc. has a long-standing reputation as a marine industry leader and is recognized for its tradition of excellence on a global scale. The company manufactures mobile boat hoists, marine forklifts, self-propelled transporters and other related marine lifting products. It also has an extensive U.S. and international dealer network, with more than 4,000 units in service worldwide.