If you are thinking of financing new or used capital equipment, and would like to estimate your payments, this page may be of use to you in planning your investment. Please feel free to contact us with any questions!

These payment calculations are estimates used for information purposes only and do not constitute a commitment from MFR to provide financing. Ballpark payments shown may not reflect current market conditions. A completed credit application along with thorough business discussions will determine the best rate and term possible.

MFR is not a qualified tax advisor. The tax savings calculations are estimates only and every company's tax situation is different. This calculator must not be interpreted as either a legal opinion or tax advisory. Companies may also be eligible for additional state and local tax deductions plus interest deductions. You should always consult with your accountant prior to making any purchase based on tax consequences. 

Get a Quote Based on your Estimate:

  • (Enter in Payment Estimator)
  • (Select in Payment Estimator)

Section 179 Tax Benefits

The Section 179 tax deduction allows small manufacturing companies to deduct the first $1,220,000 of new and used equipment purchased from their taxable income. For companies purchasing (or leasing – with a $1.00 Purchase Option Lease) up to $3,050,000 of equipment, this deduction is available in full. The deduction phases out dollar-for-dollar  from $3,050,000 to $4,270,000 and is not available for companies purchasing over $4,270,000. This spending cap makes Section 179 a true “small business tax incentive”.