Embed Size (px)
Citation preview
EquipmentFinancing Rates
(What they Really Are...)
1What Factors Affect Your RatesWhen You Finance Equipment?
The Price of the Equipment
The Price of the Equipment
Rates will be a little bit higher for smaller sizedtransactions than larger ones.
The Price of the Equipment
Rates will be a little bit higher for smaller sizedtransactions than larger ones.
Payment per dollar of financing drops considerably on$500k + transacations vs. $25k transactions.
Who Is Financing Your Equipment?
Who Is Financing Your Equipment?
Your bank will often be the least expensive source offunds (If you can qualify).
Who Is Financing Your Equipment?
Your bank will often be the least expensive source offunds (If you can qualify).
When you buy new equipment, some dealers offer 0%
financing deals.
Equipment Financing Companies
Equipment Financing Companies
Help the 80%+ of small businesses that cannot receivea bank loan or "free" financing from a dealer.
Equipment Financing Companies
Help the 80%+ of small businesses that cannot receivea bank loan or "free" financing from a dealer.
Costs will typically be higher than bank financing. Forrisky situations costs can be considerable.
WARNING
WARNING
Many leasing companies have ads touting 5% rates.
WARNING
Many leasing companies have ads touting 5% rates.
...very few business owners who inquire will qualify forrates that low.
WARNING
Many leasing companies have ads touting 5% rates.
...very few business owners who inquire will qualify forrates that low.
When a company starts off by advertising unrealisticterms... that's a red flag... don't get scammed.
Learn About Avoiding Bait & SwitchEquipment Finance Scams:
Top 5 EquipmentLeasing Scams
What EquipmentPayments Really Are
CLICK HERE CLICK HERE
