Equipment Leasing & Financing Costs, Rates, and Payments
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Transcript of Equipment Leasing & Financing Costs, Rates, and Payments
![Page 1: Equipment Leasing & Financing Costs, Rates, and Payments](https://reader035.fdocuments.in/reader035/viewer/2022070516/587053001a28aba2118b4ac7/html5/thumbnails/1.jpg)
EquipmentFinancing Rates
(What they Really Are...)
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1What Factors Affect Your RatesWhen You Finance Equipment?
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The Price of the Equipment
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The Price of the Equipment
Rates will be a little bit higher for smaller sizedtransactions than larger ones.
![Page 5: Equipment Leasing & Financing Costs, Rates, and Payments](https://reader035.fdocuments.in/reader035/viewer/2022070516/587053001a28aba2118b4ac7/html5/thumbnails/5.jpg)
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.
![Page 6: Equipment Leasing & Financing Costs, Rates, and Payments](https://reader035.fdocuments.in/reader035/viewer/2022070516/587053001a28aba2118b4ac7/html5/thumbnails/6.jpg)
Who Is Financing Your Equipment?
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Who Is Financing Your Equipment?
Your bank will often be the least expensive source offunds (If you can qualify).
![Page 8: Equipment Leasing & Financing Costs, Rates, and Payments](https://reader035.fdocuments.in/reader035/viewer/2022070516/587053001a28aba2118b4ac7/html5/thumbnails/8.jpg)
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.
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Equipment Financing Companies
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Equipment Financing Companies
Help the 80%+ of small businesses that cannot receivea bank loan or "free" financing from a dealer.
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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.
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WARNING
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WARNING
Many leasing companies have ads touting 5% rates.
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WARNING
Many leasing companies have ads touting 5% rates.
...very few business owners who inquire will qualify forrates that low.
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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.
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Learn About Avoiding Bait & SwitchEquipment Finance Scams:
Top 5 EquipmentLeasing Scams
What EquipmentPayments Really Are
CLICK HERE CLICK HERE