PRE-OWNED MACHINES

Refurbishing

Discharged or unwanted machines can undergo a transformation. We can refurbish equipment for your use, or to be sold by you.
From This…

Purchasing Used Machines

We sell beautifully refurbished machinery
Find out what we have available.

Used Machinery Sales
To This!…

LEASING

Lease Option to Buy

About 40% of Platinum machinery sales are completed through a lease. We have an alliance with a leasing company and can offer either 10% down or first and last programs. With recent Government incentives and stimulus packages, you can now write off more of the depreciation than ever before.

Clink on the links below to find out more.


Business Equipment Leasing

Credit Application

TAX REBATES AND INCENTIVES

Lease Option to Buy

The Economic Stimulus Act Package (ESA) provides tax incentives for small business that purchase less than $800.000.00 of capital assets. You are allowed to WRITE OFF THE FULL PURCHASE PRICE of equipment (up to $250.000.00). THERE IS A ONE TIME BONUS DEPRECIATION OF 50%.

Example , Under Section 179*
Purchase of $400.000.00

1st Year Write Off
$250,000.00
Bonus 1st Year Depreciation:

On the remaining value: $400K-$250K =$150K / 50%=$75K
$7,500.00
Normal 1st Year Depreciation:

Depreciation calculated at 5 yrs (20% of per year $75K x 320% +$15K
$15,000.00
Total First Year Deduction:

$150K+$475K+$15k-$340K
$340,000.00
Your Tax Savings:

Assume 35% tax rate. $340K x .35=$119K
$119,000.00

*These figures are based on a tax rules from a recent fiscal year. Rules for 2010 and beyond
may have changed. Please consult your tax adviser for current laws and further up-to-date details.