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 your prospect the monthly payment as if it were a ten year term. After the initial 42 months, the payment is stepped up finish over the next 42 months, for a total term of 84 months. This program allows your client to have a lower payment for 42 months, giving them the time necessary to get the equipment and sales up to full potential. The program also saves clients 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.