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Price -- Click here.
Considerations
as low as $99 a month -- for well-qualified purchasers in a special lease program
Potential Net Finance Cost Example***:
Standard table price
-- ADA Tax Credit ($5000)
-- Capital Expenditure ($5495)
= $5205 **
Potential Net Lease Cost Example****:
The first 15 months of a 72-month lease may be virtually free once the ADA tax credit is factored into the lease. Plus, a "true lease" payment may be 100% tax deductible as a business expense.
To talk to a Sales Representative, please contact Gib -- 1-616-850-8630 or gib@heyblom.com.
Return on Investment Spreadsheet -- Click here for a sample scenario for how quickly The Cox®7 Table pays for itself !
LEASE vs. FINANCE
The decision must be made by you and your accountant(s) based on your practice's unique situation. Here is general information:
*** Finance *
up to $5000 TAX CREDIT -- Possible ADA Tax Credit from law #1338, Aid to Disabled Americans - You may be eligible for a tax credit for a portion of purchase price of the table. Through provisions in the Aid to Disabled Americans legislation, a tax credit of up to $5,000 may be taken in the year of purchase of the table. This is a tax credit that can be used to directly offset your tax liability. ("The amount of tax credit is equal to 50% of the eligible access expenditures in a year, up to a maximum expenditure of $10,250 . There is no credit for the first $250 of expenditures. The maximum tax credit, therefore, is $5000." - from Fact Sheet 4, Tax Incentives for improving Accessibility Please have your CPA review and verify this process.)
up to $5495 deductions of IRS capital expenditures -- Business Equipment Depreciation (check on current availability with your accountant) -- The remaining balance of the table can be depreciated following normal tax code provisions. The section 179 tax law allows an election to annually deduct up to $112,000 of personal property "placed in service" in trade or business, provided the cost of all personal property during the taxable year is less than $400,000. A bonus depreciation (in federal tax law section 201) allows an additional 50% depreciation of the remaining cost of "qualifying property".
Financing arrangements can be made with your local financial institution.
Financing terms will be dependent on your individual financial situation.
**** Lease *
Leases make it easier to get the instrument you want with low monthly payments.
A "true lease" payment may be 100% tax deductible as a business expense.
No Reduction of Existing Credit Lines
Makes you money while you pay for it monthly
Payments can be customized for you: length of lease, down payment (if any), skip a month lease, step lease whereby payments may go up or down on your schedule, etc.
See Links for Lease Company contacts.
(Any may change without notice. Call lenders for the latest rates.)
* Numbers and figures are subject to change. This is not intended as tax advice. The above information is not intended to be an interpretation of tax code and regulations but is offered for informational purposes only. Please consult with your accountant and/or attorney to discuss and apply specific provisions of the tax code and financing options. Please consult with a leasing organization for an exact monthly lease figure. See Links.
** Potential low net cost of table. Consult your tax advisor to discuss and apply specific provisions of the tax code.
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