Why Should I Offer Leasing
Leasing emphasizes value, not price. Rather than negotiating on price you can sell your equipment based on the affordability of a monthly payment. Also leasing provides flexible payment plans to fit your customer’s cash flow needs.
Will It Cost Me Anything to Offer Leasing?
No. In fact offering leasing will help you close more sales by gaining the ability to offer your customers affordable options to acquire your equipment.
What Type of Equipment is Eligible for Leasing?
LeaseStation provides equipment financing to vendors in many different industries and vertical markets. Almost any type of business equipment can be leased, including new or used equipment.
Does My Customer Own the Equipment at the Conclusion of the Lease?
Depending on the type of lease, your customer will either own the equipment outright ($1.00 Buyout Option), or they will have the option to either buy the equipment at fair market value, return the equipment, or continue to lease the equipment.
How Do I Determine If My Customers are Eligible to Lease?
Your customer must intend to use the equipment for essential business purposes. Also the lease amount must be a minimum of $1,000 and generally should have a max term of 60 months with the exception of certain types of equipment and credit profiles.
Is There Any Upfront Cost that My Customers Will Have to Pay?
A typical lease through LeaseStation would require from zero to two monthly payments up front.
Is Leasing Only for Customers Who Can't Borrow Money from a Bank
Definitely not, over 90% of the “Fortune 500″ companies use leasing to finance their equipment needs. Leasing is a wise business decision for all business people, regardless of their company size or credit profile.
How Do My Customers Apply for Lease through LeaseStation
Our Lease Consultants will be your single point of contact throughout the financing process. Your customer can simply submit an application over the phone, email or online.
Who Prepares the Lease Agreement?
After the application has been approved, your Lease Consultant will work with you or directly with your customer to finalize the details of the transaction. At that point documents will be prepared and sent either to you or directly to your customer via e-mail.
Does LeaseStation Provide any Upfront Funding?
Yes. We structure payment of invoices according to the vendor’s needs.
When Does the Vendor Receive Payment?
Once LeaseStation is in receipt of the signed documents, advance rent (if applicable), documentation fee, vendor’s invoice and verbal verification by the customer, the vendor will receive payment via ACH.
Can a Lease Be Paid Off Early?
Yes! There is no prepayment penalties but there is also no added benefit to early pay off either. Leasing offers you an always low dependable monthly payment that doesn’t change.
Can Installation Be Added to a Lease?
Yes! We can bundle in installation, warranties, supplies and more so that you have everything you need for one low monthly payment.
What are Soft Costs?
Soft costs are items that aren’t tangible or not the main purchase. For example if you purchase a $2,000 piece of equipment and bundle in: warranty, installation, shipping, and supplies.
Everything other than the equipment would be considered soft cost.
