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10 Year Amortization When You Need It, Step It Up When You Can Afford It!
IFS has all types of creative programs, but our 42/42 program might be the best one. IFS has found that many customers like the idea of a ten year term when financing large pieces of capital equipment. On a true ten year deal you will pay approximately 28% more interest than with our 42/42 program, and still have the advantage of a ten year payment when you need it.
The obvious main advantage to a ten year term is the lower monthly payment throughout the term. With the 42/42 program at IFS, the first 42 months of your term are amortized at a ten year rate, giving you the monthly payment as if it were a ten year term. After the initial 42 months, the payment is stepped up to finish over the next 42 months, for a total term of 84 months. This program allows the customer to have a lower payment for 42 months, giving them the time necessary to get the equipment up to its full potential. The program also saves you quite a bit of money over time, as it is a seven year deal compared to a true ten year deal.
This program can also be custom designed to meet the specific needs of clients. IFS can use a ten year amortization from anywhere between 12-42 months, and amortize the balance for an additional three to five year term. The program allows quite a bit of flexibility, again designed to meet the cash flow need of our clients. As an example, a set of rate factors has been provided to give an example of monthly payments under the 42/42 program. Please multiply the equipment cost times the rate factor to calculate the monthly payment.
FACTOR: 
OPTION A: First 42 Months @ .0126
Next 42 Months @ .0207
OPTION B: First 12 Months @ .0126
Next 72 Months @ .0168
OPTION C: First 18 Months @ .0126
Next 66 Months @ .0175
OPTION D: First 24 Months @ .0126
Next 60 Months @ .0179
OPTION E: First 30 Months @ .0126
Next 54 Months @ .0188
All of the above require the last 2 payments as Advance Rentals and a One Dollar, $1.00 Purchase Option
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