Outfitter Financing

Financing for commercial outfitter clients of Vanguard is available through Landmark Financial Corp, a Denver based equipment leasing/finance company.  LFC introduced a raft financing program in 2005 featuring payment terms that mirror seasonal cash flow peaks and valleys.  For most that translates into more aggressive payments in the four month period June through September, followed by lower payments in the eight month period October through May.  Should your particular situation not fit these seasonal parameters, adjustments can be made accordingly.  The Winter/Spring '09 rate factors associated with the program are found below, they serve to provide monthly payment estimates:

To arrive at a payment schedule, multiply the amount to be financed by the applicable factors.  For example, a $20,000 purchase given 16 month terms (2 summers) would result in 4 "in season" payments of $2,650 ($20,000 x .1325), followed by 8 "off season" payments of $200 ($20,000 x .0100), concluding with 4 payments of $2,650.  Please note the example is based on a June delivery and funding, transactions funding earlier in the year would require monthly interest only payments leading up to the first June payment.  For those interested in amortizing the amount financed over three or four summers, please use the factors found in the respective 28 and 40 month columns.  Approved applicants may choose between a lease purchase agreement concluding with a $1.00 residual payment or a conventional term loan, the above factors work for either structure.  The contact at Landmark is Ray Jones at (720) 214-6840 or ray@lfcinc.com.