For its Year-End Savings Sales Event, Mitsubishi Fuso Truck of America, Inc. has announced that, effective October 1, 2013, any new 2012-2014 model year Canter FE Series medium-duty work truck will be available for purchase by qualified buyers at a low 1.6 percent APR financing rate for 36 months. The program also includes an option to delay the first payment for up to 90 days. For those buyers who don't qualify for the lowest rate, a number of other financing options are available. (Finance programs in Canada differ; consult your local dealer.)
"With the economy rebounding in many sectors," says Mike Rumsey, MFTA's vice president, sales operations, "interest rates have been rising in recent months. We are pleased that we've been able to maintain a very attractive financing package. FUSO buyers can also expect great deals from their authorized FUSO dealer, as we strive to finish the year with strong commercial truck sales."
According to Mitsubishi Fuso, the low financing rates available through its financing partners serve to reinforce the lower cost-of-ownership that is the focus of all Canter models, manifested through consistently high fuel efficiency, higher payloads, and longer service intervals.
"One other note," adds Rumsey. "Whether or not customers take advantage of our financing package, provisions of the Internal Revenue Code Section 179 for tax year 2013 can offer significant tax savings on new truck purchases."
IRC-179 allows a company to deduct up to $500,000 in qualifying capital expenditures as an expense on its 2013 tax returns, rather than depreciating the cost over time. Commercial work trucks like the FUSO Canter qualify for this tax provision. Certain restrictions and qualifications apply, so buyers should consult their own tax counsel to determine their savings.