Wells Fargo Equipment Finance, Inc. to provide finance options for new equipment
Iowa Mold Tooling Co. Inc. (IMT), an Oshkosh Corporation company, and Wells Fargo Equipment Finance, Inc. (WFEFI) have announced a new financing program for IMT equipment. The program is designed to provide unique and competitive financing options to IMT customers.
“Wells Fargo Equipment Finance, Inc. is an industry leader in specialty vehicle financing,” said Steve Fairbanks, IMT president. “We are proud to have a financing program with Wells Fargo to offer our customers competitive and flexible financing options, which could be a necessity for some in today’s economy.”
Financial product options with the new program include equipment loans, terminal rental adjustment clause (TRAC) leases and municipal equipment financing. Terms range in length from 36 to 84 months, and seasonal payments are also available. WFEFI will also work with IMT customers to provide other customized financing solutions in order to meet specific needs.
Up to 100 percent of the net invoice amount may be financed, on approved credit. Credit decisions will typically be made within one business day following WFEFI’s receipt of a completed application for transactions under $250,000. For amounts greater than $250,000, a credit decision can often be made within three business days after receipt of a complete credit application.
“We want our customers to feel comfortable when purchasing new equipment in an unpredictable economy, and we are confident the financing options this new program provides will help keep their minds at ease,” Fairbanks said.
This program is only offered through authorized IMT equipment dealers in the U.S. on complete IMT packages installed to IMT standards on new truck chassis.