Is it possible to get all the right finance for lease benefits in place with one leasing company ? That might not necessarily be the case, but the reality is that if you know the right questions to ask and which partner firm to work with you should be in a great position to maximize on benefits that makes sense - for your firm!
Your business, when it comes to leasing equipment, is not a lot different than many of your competitors. It's actually quite simple - you want good service, a competitive rate... (Notice we say ' competitive ‘... more on that later ) and prompt approval. We are dismayed when clients tell us of previous experience in getting a lease approved - in our perspective this should takes days, not weeks and months as some clients have experienced in the past .
Let’s get back to that whole issue of pricing - we mentioned a ' competitive ' rate. Our problem is that our clients are always focusing on the absolute best rate and tend to miss out on some of the obviously other advantages that they should instead be focusing on. These other advantages might include lease documentation simplicity, end of lease renewal or buyout options. Ability to upgrade during the term of the lease, etc.
So, yes we agree that you don’t want to pay the highest lease rate in town, but the reality is that finance firms have to stay competitive in business - and guess what... want to know another secret? It’s simply what we have shared with clients for years, in that they get to pick their own rate when looking for a lease company and finance for lease benefits that makes sense.
What?! Asks the client. What could we possibly mean by that? Well it’s simple actually. Your pricing and approval are driven by credit quality in lease financing in Canada. So if you can demonstrate your credit quality, and you choose the right lease partner relative to deal size, type of asset you are financing, etc then, guess what, we can pretty much guarantee that you can have an important say in that final rate . Again, if it’s just 'rate ' that’s important, and it shouldn’t be!
We talked earlier about your company being in the same boat as your competitors when it comes to lease financing - we do acknowledge though that every firm is different in some manner or respect, so if you do have specialized needs on types of assets to finance, customized solutions, cash flow flexibility needs, etc .. Well then of course you need some extra help.
Speak to a trusted, credible and experienced Canadian business financing advisor who can make sure you are comfortably with the right partner leasing company and that the finance for lease benefits you are looking for is achievable.
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Stan Prokop - founder of 7 Park Avenue Financial -
http://www.7parkavenuefinancial.com
Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 7 years - has completed in excess of 50 Million $$ of financing for Canadian corporations .Info re: Canadian business financing & contact details :
http://www.7parkavenuefinancial.com/leasing_company_finance_for_lease_benefits.html
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