DANCO FINANCING, LLC finances equipment and vehicles for businesses along the Wasatch Front, and has done for over twenty years. Everyone compares monthly payments. Almost nobody asks what they own — or owe — when the term runs out, and that is where a lease is won or lost.
Ask them of us, and of anyone else quoting you
Who we are
DANCO FINANCING, LLC is an equipment and vehicle finance company in American Fork, Utah County. We have been at it for over two decades, and we remain a small operation on purpose — a business owner who calls speaks to somebody who can actually decide something.
We are not a bank. We take no deposits and we lend only to businesses. What we do is finance a specific, identifiable asset: a machine, a truck, a piece of production equipment that earns its keep from the day it is switched on.
That focus is deliberate. Financing tied to an asset is easier to get right than open-ended credit, for us and for the borrower. The equipment has a value, a working life and a resale market, and all three can be looked at honestly rather than guessed.
An asset that earns from day one is a different proposition from a loan spent on something that might.
Financing Utah County businesses
No consumer lending, no deposits
Buyout stated before you sign, not discovered later
Utah County, serving the Wasatch Front
What we finance
Each facility is tied to an identifiable piece of equipment with a working life and a resale market.
Machining, fabrication, printing and processing equipment for manufacturers along the Wasatch Front.
Trucks, vans and fleet vehicles for trades, delivery and service businesses.
Excavators, loaders, attachments and site equipment for contractors in a county that is still building rapidly.
Kitchen lines, refrigeration and front-of-house equipment for openings and refits.
Systems and equipment that depreciate quickly — often the clearest case for leasing rather than buying outright.
Releasing capital from equipment you already own outright — useful in the right circumstances, and worth examining carefully before doing.
Lease or buy
Leasing is a good tool used well and an expensive habit used badly. The difference is almost entirely about the asset and the end of the term, not about the monthly payment that dominates most conversations.
Technology and equipment that loses value or usefulness quickly is often better leased than bought, because you are paying for its productive life rather than owning a depreciating asset. A machine that will run well for twenty years is a different calculation entirely.
Compare the sum of all payments plus any end-of-term buyout against the purchase price plus the cost of a loan. A lower monthly figure achieved by lengthening the term or deferring cost to the end is not a saving. It is a rearrangement.
If the work the equipment was bought for disappears, the payments usually do not. Ask what an early termination actually costs before you commit, and size the term to the least optimistic view of your workload rather than the most.
How a particular structure is treated for tax and accounting depends on the arrangement and on your circumstances. We will explain the mechanics of what we are offering; your accountant should tell you what it means for your books. Any financier promising a tax outcome is out of their lane.
How it works
What you are buying, from whom, and what it will do for the business.
Your financials and the equipment, looked at by a person, not a score.
Payments, total, end-of-term position and any security, all in writing.
The supplier is paid and the equipment starts earning.
Client feedback
I had two quotes with nearly identical monthly payments. It was pointed out that one had a substantial buyout at the end and the other did not. Nobody had drawn my attention to that, and it was thousands of dollars.
We were told to buy the machine outright because we had the cash and it would run for fifteen years. That was a sale walked away from. We financed the truck fleet here the following year for exactly that reason.
When I called with a question there was no queue and no case number. I spoke to somebody who knew our file and could answer. After a decade of dealing with large lenders, that alone was worth the difference.
FAQ
Get in touch
The equipment, the supplier, the cost and what it will earn. You will get the total of payments and the end-of-term position in writing — the two numbers that actually decide the deal.