Acquisition Costs and Required Financing

Item
Cost
Truck
$73,000.00
Crane
$67,000.00
Outriggers
$12,500.00
Pump
$8,000.00
Truck bed
$5,000.00
Total
$165,500.00
90% of Price
10% Self Financed
Other Costs
Installation
Delivery
Sales Tax
License
Total Covered By Bank
Total Not Covered by Bank

$148,950.00
$16,550.00

$1,500.00
$1,500.00
$12,338.00
$1,000.00
$148,950.00
$32,888.00

Using the Bank

Value of Loan
Discounted at 12%

$32,100.00
$31,165.05

Cost of Using Bank

$934.95

Using Factor
Accounts Receivable < 60 Days Overdue
Accounts Receivable < 60 Days Overdue
Amount provided (80% of AR <60 days)
Fee (Collection Fee)
Fee (20% Fee for AR < 60 Days)

$40,500.00
$13,000.00
$32,400.00
$3,250.00
$8,100.00

Cost of Using Factor

$11,350.00