What is Leasing?

Leasing is a method of obtaining capital equipment and its inherent productive benefits, without a large capital outlay or restrictions on bank credit lines. It is the fastest growing method of equipment financing today with 30% of all capital equipment purchased through some form of lease structure.

Benefits of Lease Financing

• Provides additional debt financing for companies with limited working capital or restricted credit lines
• Increased productivity of latest technology equipment
• Provides off balance sheet financing
• Solution for unanticipated equipment needs due to equipment breakdown or unusual growth
• Obtain required equipment on a "pay as you use" basis
• Conserve borrowing capacity for other peak or seasonal needs
• Equipment can be acquired today with minimal cash outlay

How Does Leasing Work?

You select the Taylor Dynamometer equipment and verify the purchase price, equipment specifications, warranties, delivery and installation date, with Taylor. With this information, Advantage Leasing (Taylor's Leasing Partner) is able to structure the Lease. The Lease will begin after all terms of the purchase, delivery and installation are completed.

What Type of Lease is Available?

There are several lease options available. They can range from 10% buyout, Fair Market Value or $1.00 buyout. Contact Advantage Leasing for the type of leases that are available.

Finance Lease

This applies to most equipment Leases. Typically, a Finance Lease is a full payout, non-cancelable agreement and the Lessee is responsible for maintenance, taxes and insurance. The Lessee may purchase the equipment at the end of the Lease term for a nominal payment, in most instances, as little as $1.00. Typically the term is for five years.

Transaction Flow

Application - Submit online, mail, call-in, or fax the credit application to Advantage Leasing Corp. Our lease credit application can be found on-line at www.advantageleasing.com, by selecting the lease application tab.

Approval - An Advantage Leasing Account Officer will call to "meet you", and discuss various lease options, and usually within one day a commitment letter will be issued.

Documentation - Upon notification of approval and your acceptance of the lease terms, a documentation package will then be prepared and delivered to you for signature. This package usually consists of the following:

• Cover Letter
• Equipment Lease
• Delivery and Acceptance Certificate
• Personal Guarantee (if required)
• Insurance Requirement
• Purchase Option Letter

Upon return of all signed documents, including delivery/installation certification, the Lease will be closed. Taylor Dynamometer will be issued a purchase order. Once you receive you equipment, Taylor Dynamometer will be paid in full..

Your company will be invoiced each month for the amount of the lease payment by Advantage Leasing Corp.

Taylor Dynamometer Equipment Leases
Rates effective April 2006

Equipment Cost	Finance Lease
Over $50,000	$1.00 Purchase Option
24 Months	.04710
36 Months	.03325
48 Months	.02625
60 Months	.02205

First & Last payment required in advance.

Example
Cost of equipment: Term: Payment Factor: Monthly Payment: Sales Tax: Purchase Option:	$55,000 60 months .02205 (finance lease) .02205 x $55,000 = $1,213/month if applicable, applied on each payment $1.00 at end of lease term.

For special lease structures call:

Advantage Leasing Corp.

324 E. Wisconsin Ave.
Milwaukee, WI 53202

Toll Free: 800-949-7040
Telephone: 414-291-3400
Fax: 414-291-3406

Contact: Mike Elton Vice President