Hyster Co.'s Power Advantage lease program for its lift trucks offers flexible end-of-term options and the ability to pay only for the hours used. The new leasing program bills for the actual hours of use during a given month, allowing customers to enjoy a "pay-per-hour"-based finance solution.
At the end of the lease term, the truck can be returned for a new truck or the lease extended.
Power Advantage is ideal for seasonal or mixed-use operations looking to pay for actual usage only, says Hyster. The program locks in a per-hour rate at the start of the lease and thus helps customers avoid overtime charges. Operations that typically use a lift truck between 1,200 and 3,000 hours per year would be ideal for the program, says Hyster.
Under the Power Advantage program, if a truck hits the contract term first, the customer can return the truck or continue using it at the original hour lease rate until the total hour usage is met. If the truck hits the total hour usage first, the customer can return the truck or can extend to the full contract term at 50 percent of the original hour lease rate.
Company: Hyster Co.
Company Phone: (800) HYSTER-1
Company URL: www.hysteramericas.com