Financing

Solutions

Deciding To Finance Instead Of Making An Outright Purchase

Financing a forklift offers several benefits compared to paying for it upfront by check. Some considerations:

Spread out payments and preserve cash flow for other business expense and investments
Build business credit for future borrowing opportunities
Afford more advanced or higher-quality equipment that would be cost-prohibitive when paying upfront

Warehouse associates discussing product inventory on pallet racking.

Options

Financing Options

Our sales consultants can assess your facility, operations, and business needs to help you find the ideal equipment and financing solution. This way, you can stay focused on your core operations without impacting cash flow. Explore options such as:

Operating Lease, or Fair Market Value Lease
$1 Buy-Out Lease, or Full Pay-Out Lease
One-Pay Lease
Flex Lease
Retail Installment Loan

Financing Options Overview

Sales consultant and customer discussing financing terms for a forklift lease.

FAQ

Financing FAQ

There’s a lot to think about when deciding whether to finance equipment, so we’ve outlined a few common questions to help guide you.

Since ProLift Is A Toyota Dealership, Am I Limited To Just One Finance Provider?

No, we partner with a variety of finance providers. Each one has been carefully selected by ProLift for their ease of doing business and customer satisfaction. Toyota Industries Commercial Finance, Inc. (TICF) is part of the Toyota family has been a trusted leader in financing solutions for Toyota Material Handling since 1985.

Is There A Down Payment Required For Financing?

Depending on the lender, down payments can range from 0% to 20% of the equipment's cost, though some financing options require no down payment.

What Financing Terms Are Typically Available For Material Handling Equipment?

Financing terms for material handling equipment can vary, but here are the typical options available:

Loan Terms
Interest Rates
Fixes vs Variable Rates
Down Payments
Deferred Payments
Balloon Payments
Lease-to-Own
Customizable Payment Plans

What Are My Options If Our Company Isn't Approved For Financing?

If you're not approved for financing, there are still a few options to consider. You can explore specialized lenders who focus on equipment leasing. Another option is to consider renting the forklift instead of purchasing or leasing, which could provide more flexibility. Additionally, discussing your situation with ProLift may lead to alternative payment arrangements or lower-cost equipment solutions to help meet your needs.

New Equipment Guarantee

In the event you are unhappy with the equipment you purchased from ProLift after one year’s use, we will simply buy it back for the original purchase price less two thirds of our normal rental rate.

Warehouse manager inspecting products with Toyota forklift in aisle.

Rental Purchase Option

Need a long-term forklift solution but not ready to buy? A Rental Purchase Option (RPO) allows you to apply a portion of your monthly rental payments toward purchasing the forklift later, without committing to ownership upfront.