The Importance of Acting Now
Tax incentives rarely last forever. Phasedowns or policy changes could affect timing or eligibility requirements – greatly reducing your ability to capitalize on this opportunity.
Remember, these business benefits can only be realized for equipment that is installed and placed into service in the same year.
Starting your upgrade process now helps ensure adequate time to complete the project and potentially capture the available tax benefits before year-end.
There’s More Than One Reason to Upgrade
In addition to the tax incentives, there are additional operational and competitive reasons why you should consider upgrading your equipment.
Today's tank monitoring systems and forecourt technologies have evolved far beyond basic asset monitoring. Modern solutions can help retailers improve visibility, streamline operations, enhance compliance, and make more informed business decisions thanks to:
- Increased uptime and system reliability
- Reduced maintenance costs and emergency service calls
- Improved compliance and environmental monitoring
- Remote visibility across one or multiple sites
- Support for future fuels and evolving forecourt technology
- And so much more!
Outdated equipment doesn’t just lead to higher maintenance costs, increased downtime, and lost revenue; it can also increase the risk of falling behind competitors who are investing in newer technologies.
The Opportunity to Finance
Taking advantage of this benefit doesn’t necessarily require retailers to write a large check covering the full cost upfront.
Through financing, retailers may be able to preserve working capital while still receiving the full depreciation deduction, significantly reducing the effective cost of an upgrade while preserving liquidity.
That capital can then be used for things like maintenance and day-to-day operations.
Financing can also allow retailers to potentially match monthly payments with the revenue generated by the upgraded assets, helping ensure retailers have the financial flexibility to pursue continued business growth.
Financing Through Patriot Capital
We’ve partnered with Patriot Capital to bring flexible financing options to our customers for years.
Patriot Capital has over 25 years' experience specializing in equipment financing and has developed a deep expertise within the fuel and convenience retail industries – meaning they can often provide faster decisions, flexible structures, and financing solutions tailored specifically to the needs of retailers.
While every transaction is customized, a typical fuel management system upgrade project may include:
- Terms ranging from 24 to 84 months
- Competitive fixed rates
- Financing for equipment, installation, tax, and related project costs
- One-page application
- 24–48-hour credit decisions
- Funding coordinated directly with distributors and installers
Patriot Capital can also structure financing for multi-site upgrade programs in a variety of ways, depending on the customer’s needs and project timeline. To learn more, visit https://go.veeder.com/exclusive-financing-for-fuel-management-equipment-veeder-root .