Versalift Capital

Leasing and financing options for new and used aerial lifts, digger derricks, and cable placers.

Mike Fitzsimmons, Program Manager
o. 972-691-5690 | m. 972-989-7511

Versalift Capital Logo


Versalift Bucket Trucks Explore


Versalift Capital offers industry knowledge, responsiveness and personal service to fleet and contractor customers across North America. We can offer competitive financing options because we know our equipment, its durability, and its residual value better than anyone else.  We have extremely competitive programs for the single lift buyer, a private or investor owned utility or a municipailty with hundreds in their fleet.

We offer Operating (Fair Market Value) Leases which are based on a residual purchase option at the end of the lease.  This allows you to structure your lease for the period of time you will need to use the equipement and decide at the end if you want to buy it or walk away.   Operating lease programs are also available with a fixed price Early Buyout Option (EBO).

Capital ($1 out) Leases are very similar to a traditional loan, in that you finance the cost of the purchase over time with a resulting final payment of $1 which then transfers ownership.  The advantage of Capital Leases over Purchase Financing is in regard to the rules of ownership whereby Capital leases remain operation expenses from an accounting standpoint throughout the length of the lease.

Terminal Rental Adjustment Clause (TRAC) Leases combine all of the advantages of leasing while retaining an option to buy out the equipment at the end of the lease at an agreed upon residual value.  This is particularly attractive with Versalift High Reach equipment as they have been known to remain in service for over 30 years.


Equipment Financing Options At Versalift Capital

Equipment financing that is available through Versalift Capital can deliver two powerful benefits to fleets and projects. Equipment leasing allows projects and fleets to eliminate a large piece of their downside risk. It is crucial for fleet managers and project managers to feel confident in executing their long term plans with confidence.

Two Important Things To Remember About Versalift Capital

Versalift Capital prides itself on delivering unique value to all of its customers. Leasing allows managers to execute their long term plan with confidence while eliminating significant financial risk. In order to deliver the most effective solution, Versalift Capital works to create flexible payment plans. The program is managed by an experienced financing professional, who will listen and offer expert guidance.

  • There Are No Cookie Cutter Solutions – The team at Versalift Capital creates optimized financing plans for every fleet customer.

    • Flexibility – Spreading out payments is one of many tools used by Versalift Capital to create flexible financing plans for every customer.

    • Structured payments to match uneven cash flows – Seasonal considerations like heavy rain, storms and extreme cold can make cash flows uneven, and we can structure payments to reflect an uneven calendar

  • You Will Meet Mike Fitzsimmons, the Program Manager at Versalift Capital – Mike and the team welcome your call, and are available to speak at any time. Please feel free to contact him whenever you need a quote or an opinion on equipment financing.

    • Expert guidance – As an experienced manager in the finance space, Mike offers insight into the many potential tax benefits of leasing, while helping avoid the pitfalls.

    • Tenured resources – Versalift Capital is committed to a high level of customer service and satisfaction. Most deals under $500,000 can be quoted on the same day, often within an hour.

Email Mike Fitzsimmons, Versalift Capital Program Manager, at

Since we know and understand how our series of Aerial Lifts, Digger Derricks, and Cable Placers are be used in the market, our Program Managers are able to offer you the best possible financial solution for your business.  We also have specializations in Sale-Lease-Backs, Equipment Lines of Credit, and Rental Fleet Financing on Master-Leases.


Flexibility: New and used Versalift equipment using custom programs

Competitive Rates: Ability to target a desired payment

Strong Residual Values: Payment based on actual hours and condition

Tenured Program Resources: 15 years of equipment financing experience


Financing Guidance: on or off balance sheet deals

Speed of Approval: Approvals under $250K in under an hour

Personal Service: Dedicated program manager

End of Term: Fair, flexible, and fast replacement solutions


Versalift Capital offers a number of lease structures that help our customers to purchase equipment.

A capital lease, which is also known as a $1 Out Lease, allows the customer to own the equipment and claim depreciation and interest expense benefits. A capital lease is a good option in the case of Versalift, when the useful life of the equipment is going to last for an extended period beyond the finance term. Monthly payments are generally higher than those in an operating lease. This is because the entirety of the equipment is being leased.


  • Ability to purchase the equipment for a fixed price
  • Offers the benefits of ownership without the large, upfront cost
  • May have significant tax and accounting benefits

An operating lease, which is also called a Fair Market Value (FMV) Lease, can help improve cash flow while minimizing taxes, and it provides some useful flexibility at the end of lease term. In the case of an operating lease, you do not own the bucket truck, but you do have the right to use it as you see fit, and enjoy lower monthly payments while doing so.


  • Little or no upfront cost
  • Lower monthly payments than $1 out purchase option leases
  • Moves the burden of equipment obsolescence to Versalift Capital
  • Can return the equipment at the end of lease without further obligation
  • May have significant tax and accounting benefits

An FMV lease offers the lowest monthly payment, is the most flexible lease structure, and may allow the lessee to obtain tax advantages. The burden of ownership does not fall on the lessee, so the equipment may not be considered an asset on your balance sheet. In some cases, up to 100% of the finance expense may be tax deductible. This treatment can improve finance ratios such as return on assets.* At the end of the lease term, the equipment can be purchased for the fair market value, returned the equipment to Versalift Capital, or can continue to be used at the terms of the original agreement. The FMV purchase price may depend upon many factors such as how quickly new technologies have advanced, the price for those new capabilities, the condition and usage levels of the leased equipment, and the used equipment market demand for that particular equipment.

A Municipal Lease is an effective and increasingly popular vehicle for state and local governments to finance and refinance equipment purchases. The specialized leases include termination for non-appropriation language, which provides protections in cases where the lessee is unable to obtain funding for future payment obligations.


  • Preserves capital
  • Up to 100% financing
  • Interest rates approach municipal bond rates but no bond referendum required
  • Assets can be financed over their useful life.
  • Fixed rate.
  • Simplified documentation.
  • Termination without penalty.
  • Not subject to state bid laws.

A Terminal Rental Adjustment Clause Lease (TRAC Lease) Lease is a special type of true lease that is generally used for “over-the-road” vehicles which provides the full deductibility benefits of an operating lease with predetermined residual values. A TRAC Lease combines all the advantages of leasing your Versalift equipment while retaining the option to purchase it at the end of the lease term at a pre-determined residual amount agreed upon when the lease starts.


  • Normally less expensive than conventional leases or bank financing.
  • Predictable expense, with predetermined residual value.
  • Can improve some operating ratios.
  • 100% financing reduces up-front costs and improves cash flow.
  • Stable interest rates mean predictable payments.
  • Predictable costs mean less surprises


Mike Fitzsimmons, Program Manager

1701 North Market Street, Suite 325, Dallas TX 75202

office 972-691-5690 | mobile 972-989-7511