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Frequently Asked Questions
Who is Yale
Financial Services?
Yale Financial Services (YFS)
is the financial services arm of Yale Materials Handling
Corporation, the industry leader in lift truck manufacturing. At
YFS, financing Yale lift trucks is our primary objective. Our
specialized knowledge of Yale products means that we can determine
values, structure plans, and develop financing options better than
other sources.
Why should I use Yale Financial Services to finance or lease my
Yale lift truck?
Whether your
business wants the benefits of ownership through financing or the
lower payments and tax advantages of leasing, Yale Financial
Services offers a comprehensive range of flexible financing plans
to meet your company’s financial objectives. Check out our Yale
Financial Services brochure for more detail.
How do I get a lease quote on a
new Yale lift truck?
Contact your
local Yale dealer to request a lease quote on a new Yale lift
truck. You can locate your local Yale dealer by clicking on the
Yale North America button on the Yale Financial Services home
page. A dealer locator option will be displayed for your use.
How many months can I lease my
new Yale lift truck for?
Lease terms are
typically between 12 and 60 months. Yale Financial Services will
consider longer terms on a case-by-case basis.
Do you finance equipment other
than Yale lift trucks?
While Yale lift
trucks are our main focus, we do offer financing and leasing
options for other equipment sold through your local Yale dealer.
Will YFS finance used
equipment?
YFS does offer
finance options for used Yale lift trucks sold through your local
Yale dealer.
Who do I contact if I have
questions or need assistance on an existing account with YFS?
For Customer
Service, please call 800-633-9253. Please have your account
number available. For help online, click on the “My Account” tab
at the home page of the Yale Financial Services website. Once
signed on, you will be allowed to view the current status of your
account, see your payment history, print out current invoices, and
much more.
What is a Tax Lease?
Often referred to as a
True Lease or an Operating Lease, a Tax Lease lets you pay only
for the portion of the truck’s economic life you use. The Lessor
(YFS) will be treated by the IRS as the owner of the leased
equipment for tax purposes. See the Yale Financial Services
brochure for more detail.
What is the difference between a Capital Lease and an Operating
Lease?
A Capital Lease
is “on balance sheet” financing while an Operating Lease is “off
balance sheet” financing. For additional information, contact
your accountant.
Can I incorporate a full
maintenance contact with my YFS lease?
Yes, YFS has
the ability to incorporate a full maintenance contract with your
local Yale dealer along with your YFS lease contract. This
enables you to make just one payment per month for both lease and
maintenance. Contact your local Yale dealer for a full
maintenance quote on a new Yale lift truck along with a lease
payment through YFS.
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