Considering an end of year machine purchase? Manufacturers Financing Services (MFS) is offering a special opportunity for companies intending to finance their new equipment.
Take advantage of rates as low as 3.95% while also having your first payment due 3 months after delivery! In addition, if you buy a demo machine from OptiPro’s APD lab and it is installed before 12/31/2021, you can also save BIG on taxes in Fiscal Year 2021 with the Section 179 Tax Incentive. See below for more details on these exciting opportunities…
Financing your new machine through MFS
After machine ships, no payments for
3 Months
Rates as low as
3.95%
Terms from
3 to 7 years
Credit application only review available up to $500,000 with no need for financial review
Section 179 Tax Deduction for 2021
Potential Tax Savings
Section 179 of the IRS tax code allows companies to write off the full price of qualifying equipment purchased or financed in 2021 (up to $1,050,000). When you buy or lease a machine from OptiPro and take delivery before the end of the year, you can deduct all of the purchase price from your gross income. Equipment which is new to a company (for example, buying a new or used machine), can be expensed under Section 179.
Here’s an example showing the incentive of the Section 179 tax deduction:
Estimated Machine Price (EMP)
Section 179 Deduction
Balance to Depreciate (EMP – Section 179 Deduction)
$250,000
-$250,000
$0
100% Bonus Depreciation
Standard Depreciation
(14.29% Yr. 1 x (EMP – Section 179 – 50% Depreciation)
$0
$0
Total First Year Deduction (Section 179 + Bonus Depreciation)
$250,000
Assumed Customer Bracket
TAX SAVINGS
Estimated # of machine payments covered by savings (on a 5-year lease/loan)
28%
$70,000
14
Contact OptiPro’s sales team for more information on this special financing opportunity or the Section 179 tax deduction.
