US - Now you may be able to buy new automation equipment for up to a 46% savings.
By combining the tax benefits of the Economic Stimulus Act of 2008, recently passed by Congress, with MiTek’s 0% plus financing, you may save your plant a significant amount of money this year. So if you’ve been holding off on buying automated equipment, now is the time to reconsider.
The 2008 Economic Stimulus Act (HR 5140) allows businesses to fully write-off up to $250,000 of qualifying equipment in 2008 (up from $180,000). In addition businesses will be able to take an accelerated first-year depreciation of up to 50% of the cost of qualifying business machinery and equipment placed in service in 2008 (a bonus depreciation over current schedules). These advantages are only available for the year 2008 – not beyond.
The MiTek 0% Plus™ Financing Program offers interest rates ranging from 0% to 7.9% and terms varying from 12 to 84 months. The list of eligible equipment has expanded. The minimum purchase threshold has been lowered to just $60,000, and the down payments have also been reduced. This program will be available through the end of 2008.
The worksheet link example shows a MATCHPOINT PLANX™ automated jigging system for $312,500. By combining the federal tax savings and our 0% Plus financing, the actual cost to you would only be $170,089. You would save a hefty $142,411. That’s a 46% discount.
The best time to install automated equipment is in the midst of a downturn, while business may be slow. This allows time for proper installation and training. And remember that these program savings are only the beginning of the ongoing automated labor savings you’ll reap month after month, year after year.
By going to this link, www.mii.com/stimulus, you can download a worksheet containing the details for this example. Examine them closely. And since every plant’s financial situation is different, we recommend that you consult with your accountant to see the specific benefits of these programs for your business.
Now is the time to leverage the Economic Stimulus Act of 2008 and MiTek financing to purchase the automated equipment you need to achieve a more competitive and profitable future.
Contact your MiTek sales representative or call 1-800-325-8075 for more information.
Valid in the US only.