PAYMENT ESTIMATOR & QUICK QUOTE FORM
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 calculations are estimates used for information purposes only and do not constitute a commitment from MFR to provide financing. Our clients are considered business partners. Therefore, thorough business discussions and a completed credit application will help in getting 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.
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Section 179 Tax Benefits
The Section 179 tax deduction allows small manufacturing companies to deduct the first $1,040,000 of equipment purchased from their taxable income. For companies purchasing (or leasing – with a $1.00 Purchase Option Lease) up to $2,590,000 of equipment, this deduction is available in full. The deduction phases out dollar-for-dollar from $2,590,000 to $3,630,000 and is not available for companies purchasing over $3,630,000.