FAQ: Everything You Need to Know About the EquipLease Program and
Tax Benefits

What is included with mu purchase?

Wilson Hand offers a 1/8 fractional ownership in a 2024 JLG Boom Lift or telescopic material handling equipment. This includes:
All maintenance and repairs are 100% covered by the program. 
This benefit ensures that your equipment remains operational and worry-free for the entire duration of the program.
6 weeks of usage or rental availability on a rotating calendar each year.
100% coverage of storage, insurance, maintenance, repairs, registration, title, and taxes for 10 years.

What are the total cash outlays?

A one-time down payment of $27,500.
A 10-year financing note of $110,000, with repayment collected from future rental income.
No additional out-of-pocket costs for maintenance, insurance, or storage during the 10-year term.

How do I get started?

Once you express interest, we will send you a purchase order and financing agreement. Sign and forward these documents along with your down payment to the Law Firm’s trust account. Funds from the account will be allocated towards  your equipment purchase, and your participation in the EquipLease Program will begin.

How is the remainder of my purchase price paid?

The remaining purchase price is financed through a 10-year note.  You can partner with a third-party company to lease your asset, ensuring all payments on your note are covered.

What is the timing to maximize tax benefits for the EquipLease Program?

To fully maximize your tax benefits under either the Section 179 or Section 168(K), the material staging equipment must be available for rental or use by the end of 2024. For Section 179, you can benefit from a 100% tax deduction in the first year, while Section 168(K) offers up to 68% bonus depreciation in the first year and 8% annual depreciation for the following four years. To ensure you secure these deductions on your 2024 taxes, all orders and deposits must be completed by December 15 of the tax year you are filing.

Can I rent out the equipment if I don’t use it?

Yes, participants in the EquipLease Program have the flexibility to rent out the equipment during their 6-week use period. You can work with a third-party rental service to lease the equipment, generating additional income while still benefiting from the full utility of the JLG material handling equipment. This opportunity allows you to maximize your return on investment while ensuring the equipment is being utilized to its fullest potential.