At Element, we help reduce your Total Cost of Ownership (TCO) with a suite of end-to-end services for your company’s material handling equipment, including forklifts, order pickers, pallet jacks, scissor lifts, sweepers/scrubbers and more.
Flexible financing for your material handling fleet
Element’s flexible financing options include operating leases such as Fair Market Value leases, capital or dollar-buyout leases and purchase lease-back funding.
An important part of reducing Total Cost of Ownership and streamlining your operations is how you finance your assets. Element offers a variety of innovative and flexible financing options that offer significant benefits for your business.
No credit limits
Unlike many banks and finance leasing companies, Element uses multiple sources to extend the credit lines that are critical to fleet – and company – growth.
Residual risk management
Element can systematically structure your lease to expire at the moment of maximum residual value – resulting in greater resale price.
We track your equipment costs by comparing them to other regions, companies and industries in order to get you the lowest Total Cost of Ownership
We capture all equipment data to derive best-in-class recommendations for financing your equipment fleet
The Element advantage
No hidden costs
Maximizing asset lease value by minimizing downtime
Planned lifecycle strategy when initiating financing options to reduce Total Cost of Ownership
Making only necessary expenses by streamlining operations
Fair market value lease
Lessee has no residual risk in the asset provided the vehicle is returned in acceptable condition and has not exceeded allowable usage limits (generally hours) at the end of the lease term.
Lessee takes ownership of leased asset at end-of-lease term for a stated nominal purchase amount.
TRAC (Terminal Rental Adjustment Clause) lease
Lessee bears residual risk in exchange for lower expected overall cost and greater flexibility with respect to utilization. Element does not take tax benefits.
Purchase lease-back funding
To free up the cash invested in assets which is still needed for business operations, we can purchase those assets from you and structure favorable lease terms for your continued use of those assets.