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With these handy tables you can calculate the monthly payment on any forklift you are interested in purchasing from us. Simply multiply the purchase price by one of the payment factors on the tables below. The residuals are the percentage of the purchase price that will be due at the end of the lease term to purchase the forklift outright. Or return the forklift and lease a replacement forklift to keep the fleet new and running with low maintenance and operating costs.

Rates as of January 2010
Standard Lift Truck Rates
(Applications must be received by 5-31-09)

New and Used Lift Truck Rates
(Minimum Transaction size $10,000 Zero Payments in advance)

(Used equipment must be done at $1.00 buyout or 10% residual only.)

Term APR 10% residual 20% residual 25% residual 30% residual $1.00 Buyout
24 mos
6.50%
.04063
.03672
.03476
.03281
.04455
36 mos
6.50%
.02813
.02560
.02434
.02308
.03065
48 mos
6.50%
.02189
.02006
.01914
.01823
.02371
60 mos
6.50%
.01815
.01674
.01603
.01532
.01957
72 mos *
6.50%
.01567
.01453
n/a
n/a
.01681
84 mos *
7.30%
.01432
n/a
n/a
n/a
.01524
* May require a partial residual guaranty depending on application and usage
 

Lease Rates for Deals Under $10,000
**Zero payments in advance**
Term
APR
10% residual
$1.00 Buyout
24 mos
9.9%
.04231
.04610
36 mos
9.9%
.02982
.03222
48 mos
9.9%
.02361
.02531
60 mos
9.9%
.01990
.02120
For racking and sweeper/scrubber rates CALL US!!

 

The forklift people located in Somerset, New Jersery The forklift people located in Somerset, New Jersery The forklift people located in Somerset, New Jersery
 
Open Mon-Fri, 8am - 4:30pm
 
Electric Forklift Repair Corporation
837 Somerset Street
Somerset, NJ 08875
t: (732) 249-7757
f: (732) 249-7068
 
Se Habla Español
Parliamo Italiano
 
We Accept the Following: