Loading... Please wait...

Categories

Why Finance?

Why Finance?

 Click PayPal Logo below for Bill me Later Terms
 

 
Any company or business that utilizes equipment for business or commercial use is eligible to apply for financing. goes beyond just putting its professional skills to work locating your equipment because there are definite economic advantages to financing, consider whether this option might benefit your business.
100% Financing
Banks may require as much as 20% down on equipment purchases, while financing covers 100% of the equipment cost. In most cases, that can include the cost for freight, installation, and required software.
Tax Advantages
Financing offers potential tax advantages of depreciation and interest expense with the $1.00 Buy-Out option or, you may expense the monthly payment with a Fair Market Value (FMV) financing arrangement. Consult your tax advisor to determine the best option for your business.
Conserves Working Capital
Equipment Financing can ease the strain on working capital. You retain available lines of credit at other financial institutions for emergency needs, current cash flow purposes, investments, and other profit generating activites. Finance payments can be structured into longer terms and lower payments to fit your budget.
Fixed Payments
Unlike bank lines of credit with variable rates, finance payments are locked in. This helps with planning for other financial requirements.
Note: does not benefit from any documentation and filing fees that are usually applied to the processing of financing documents. Such costs are strictly financing company functions. Sales taxes are charged separately and added to your monthly finance payment each month. First and Last finance payments are typically required up-front, but these are applied to your total finance payments.
The Financing Process...
1. Complete the online credit application form. It may be necessary to supply additional financial information at a later time.

2. Once approved for credit, finance documents are prepared and sent to you for signature.

3. Used Equipment in most cases demands "payment prior to shipping." This requires your acceptance of the goods before the equipment is physically at your place of business. The equipment vendor is paid before he ships.

4. A Purchase Order is sent to the equipment vendor and the machinery ships to you. What affects your rate?
* Age of your business
* Personal credit history and prior bankruptcy
* Payment history: On time, delayed or late
We have found that LeaseStation Financial Services is operationally in tune with our business standards of quality and customer service, with emphasis on accuracy, dependability, and efficiency, helping to identify your financial requirements, and then assisting you in selecting the best solutions.
 

Categories

Business Info

newsletter

Payments Accepted

Copyright 2017 MyToolEquipmentGuy Tel. 203-813-0414 (Direct) or Toll Free 877-572-8298. All Rights Reserved.
Sitemap | Bigcommerce Premium Themes by PSDCenter