Vendor Partnership - Share in the Revenue
With Lease One you can "INCREASE SALES & PROFITS". How many sales have you lost by not offering leasing? If you think none, you could be wrong.
How may times has your customer said:
"We can't afford such a high priced unit/system now."
"We need the equipment, but there is just no room in the budget right now."
"I think I'll have to wait until next quarter or next year."
Leasing can be one of the most effective sales tools available. By approaching your sale from a monthly payment perspective, you'll enjoy greater sales and profits because:
LEASING CLOSES MORE SALES
GENERATES LARGER SALES
LEASING IS CONVENIENT
OVERCOMES THE COST OBJECTION
LEASING BUILDS REPEAT BUSINESS
OVERCOMES CAPITAL BUDGET ISSUES
LEASING PRESERVES YOUR MARGINS
How will your customers pay?
Option 1: PAY CASH
Tax consequences - customer is forced to depreciate the equipment over a scheduled period of years
Reserve consequences - liquid funds are depleted and unavailable for more crucial uses.
Option 2: BANK or CREDIT UNION LOAN
Collateral requirements - Financial institutions may request other collateral and will typically only finance only 80% of the equipment cost which also depletes cash reserves
Underwriting compliance - Financial institutions have strict lending policies and require extensive paperwork (financial statements, tax returns, cash flow analysis and personal financial statements)
Sales Tax - Must be paid up front Vs. monthly
Option 3: LEAVE THE FINANCING UP TO THE CUSTOMER
Your sale will most likely be lost or postponed.
Option 4: OFFER an IN-HOUSE LEASE/FINANCE PROGRAM
Details 100% financing allows you to include initial maintenance/service contracts, freight, installation and other up front costs Simplified one page application for up to $50,000 ($150,000 medical professionals) Conventional lease payments are tax deductible operation expenses. The equipment is the only collateral pledged, not your home or other valuable assets. Leasing opens up an additional line of credit Vs. tying up your existing lines or depleting your cash Off balance sheet lease payments do not jeopardize customers' compliance on existing credit lines. You receive payment in full for your products/services within 48 hours of your customers' verbal acceptance.
More Information on Vendor Partnerships - Share in the Revenue
Business Loans and Unsecured Lines of Credit