Westates Truck Equipment Corporate Information

Westates truly wants your apparatus purchase to be one of the most trouble free experiences of your fire company operations. We understand the complexities and contradictions of budgetary constraints and providing modern, safe equipment for your firefighters. For many organizations leasing new equipment is the perfect balance of providing capability and fiscal responsibility.

WESTATES FIRE APPARATUS has partenered with an outstanding leasing firm that understands the requirements of firefights and their apparatus. This understanding allows them to provide their services at or below market rate providing you, the end user, with the best combination of apparatus capability and financial flexibility.

Whether you are buying new or used or even a new piece of apparatus from another vendor Westates is here to assist you in completing your build in the most fiscally responsible method possible. If would like more information about leasing programs contact Westates leasing information department via email or contact our sales team directly at 530.661.0101.

Delay is costly

The same apparatus will most likely cost a lot more next year. With interest rates moving back up, this is a critical time for departments to consider their future purchasing and financing plans. As rates increase, time is not on your side.

Today you could finance $200,000.00 for around $25,900.00 per year over ten years. A year from now the same amount may cost $29,347.48 per year ($34,465.64 more total) if truck prices increase by 8% and rates only go up 1%.

Total cost of waiting one year:
Price increases:	$16,000.00
Additional interest:	$18,465.64
Total cost of deferment:	$34,465.64

You may also look at it this way; if truck prices go up 8% and rates only go up 1%, the same $25,900.00 annual payment that can finance $200,000.00 this year may only get you around $176,500.00 next year. These examples do not address sales tax, which must also be considered in determining the actual purchasing power.

Consider the following scenarios:
Purchase & finance this year: $200,000.00 financed at 5%

Pmt	Payment	Lease	Payment	Interest	Principal	Principal
#	Due Date	Rate	Amount	Payment	Payment	Balance
0	1-Jan-05	5.00%	$0.00	$0.00	$0.00	$200,000.00
1	1-Jan-06	5.00%	$25,900.91	$10,000.00	$15,900.91	$184,099.09
2	1-Jan-07	5.00%	$25,900.91	$9,204.95	$16,695.96	$167,403.12
3	1-Jan-08	5.00%	$25,900.91	$8,370.16	$17,530.76	$149,872.37
4	1-Jan-09	5.00%	$25,900.91	$7,493.62	$18,407.30	$131,465.07
5	1-Jan-10	5.00%	$25,900.91	$6,573.25	$19,327.66	$112,137.41
6	1-Jan-11	5.00%	$25,900.91	$5,606.87	$20,294.04	$91,843.36
7	1-Jan-12	5.00%	$25,900.91	$4,592.17	$21,308.75	$70,534.62
8	1-Jan-13	5.00%	$25,900.91	$3,526.73	$22,374.18	$48,160.43
9	1-Jan-14	5.00%	$25,900.91	$2,408.02	$23,492.89	$24,667.54
10	1-Jan-15	5.00%	$25,900.91	$1,233.38	$24,667.54	$0.00
			$259,009.15	$59,009.15	$200,000.00

Purchase & financing deferred for one year: Truck prices increase by 8% ($16,000.00) and rates go up by 1%

Pmt	Payment	Lease	Payment	Interest	Principal	Principal
#	Due Date	Rate	Amount	Payment	Payment	Balance
0	1-Jan-06	6.00%	$0.00	$0.00	$0.00	$216,000.00
1	1-Jan-07	6.00%	$29,347.48	$12,960.00	$16,387.48	$199,612.52
2	1-Jan-08	6.00%	$29,347.48	$11,976.75	$17,370.73	$182,241.79
3	1-Jan-09	6.00%	$29,347.48	$10,934.51	$18,412.97	$163,828.82
4	1-Jan-10	6.00%	$29,347.48	$9,829.73	$19,517.75	$144,311.07
5	1-Jan-11	6.00%	$29,347.48	$8,658.66	$20,688.81	$123,622.26
6	1-Jan-12	6.00%	$29,347.48	$7,417.34	$21,930.14	$101,692.11
7	1-Jan-13	6.00%	$29,347.48	$6,101.53	$23,245.95	$78,446.16
8	1-Jan-14	6.00%	$29,347.48	$4,706.77	$24,640.71	$53,805.45
9	1-Jan-15	6.00%	$29,347.48	$3,228.33	$26,119.15	$27,686.30
10	1-Jan-16	6.00%	$29,347.48	$1,661.18	$27,686.30	$0.00
			$293,474.79	$77,474.79	$216,000.00

The information provided on this page is foreword looking and is for example only and is not meant to forecast any particular event or economic situation and may not reflect current market conditions

Created and maintained by GIG