| 1. |
Who is Yale®
Financial Services?
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| |
Yale®
Financial Services (YFS) is the financial
services arm of Yale Materials Handling
Corporation, the industry leader in lift truck
manufacturing. At YFS, financing Yale®
lift trucks is our primary objective. Our
specialized knowledge of Yale®
products means that we can determine values,
structure plans, and develop financing options
better than other sources. |
| 2. |
Why should I use Yale®
Financial Services to finance or lease my Yale®
lift truck?
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| |
Whether your
business wants the benefits of ownership through
financing or the lower payments and tax
advantages of leasing, Yale®
Financial Services offers a comprehensive range
of flexible financing plans to meet your
company’s financial objectives. Check out our
Yale®
Financial Services brochure for more detail. |
| 3. |
How do I get a lease quote on a new Yale®
lift truck?
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| |
Contact your local
Yale®
dealer to
request a lease quote on a new Yale®
lift truck. You can locate your local Yale®
dealer by clicking on the Yale®
North America button on the Yale®
Financial Services home page. A dealer locator
option will be displayed for your use. |
| 4. |
How many months can I lease my new Yale®
lift truck for?
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| |
Lease terms are
typically between 12 and 60 months. Yale®
Financial Services will consider longer terms on
a case-by-case basis. |
| 5. |
Do you finance equipment other than Yale®
lift trucks?
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| |
While Yale®
lift trucks are our main focus, we do offer
financing and leasing options for other
equipment sold through your local Yale®
dealer. |
| 6. |
Will YFS finance used equipment?
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| |
YFS does offer
finance options for used Yale®
lift trucks sold through your local Yale®
dealer. |
| 7. |
Who do I contact if I have questions or need
assistance on an existing account with YFS?
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| |
For Customer
Service, please call 800-633-9253. Please have
your account number available. For help online,
click on the “My Account” tab at the home page
of the Yale®
Financial Services website. Once signed on, you
will be allowed to view the current status of
your account, see your payment history, print
out current invoices, and much more. |
| 8. |
What is a Tax Lease?
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| |
Often referred to
as a True Lease or an Operating Lease, a Tax
Lease lets you pay only for the portion of the
truck’s economic life you use. The Lessor (YFS)
will be treated by the IRS as the owner of the
leased equipment for tax purposes. See the Yale®
Financial Services brochure for more detail.
|
| 9. |
What is the difference between a Capital Lease
and an Operating Lease?
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| |
A Capital Lease is
“on balance sheet” financing while an Operating
Lease is “off balance sheet” financing. For
additional information, contact your accountant. |
| 10. |
Can I incorporate a full maintenance contact
with my YFS lease?
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| |
Yes, YFS has the
ability to incorporate a full maintenance
contract with your local Yale®
dealer along with your YFS lease contract. This
enables you to make just one payment per month
for both lease and maintenance. Contact your
local Yale®
dealer for a full maintenance quote on a new
Yale®
lift truck along with a lease payment through
YFS. |
