Automotive Service Equipment Financing Methods
Our previous post touched on the suject of order payment methods. But what If you don’t want to pay by credit card, check or wire transfer?
Many customers that don’t want to lay out all of their available capital on a few pieces of equipment may opt to finance their auto shop equipment purchase. Of course you can obtain financing on your own through a local funding source. We also offer financing through a partner of our’s – Lease Process. We have been partnered with Lease Process for over ten years now. They are a reliable funding source that has many tools at their disposal. Richard Wilmarth the financing expert at Lease Process has the experience and knowledge to get even the most difficult credit risks approved.
Of course, interest will apply and your rate will vary, depending on various factors such as how long you’ve been in business, your credit history and other factors, like how long a time frame you wish to finance it over. You can lease to own with a dollar buyout at the end of the term. That is the most popular program.
Leasing offers certain tax advantages over just financing outright as the purchase is tax deductible. Rich can go over these details in more depth with you.
You can access the application on our web site at the very bottom of any page. You’ll find a link there that says, ” Need Financing, Click Here“. Once you click on that link and the application comes up, simply fill it out to the best of your ability and hit the submit button. That will send it over to Lease Process. Somebody there will go over your application, and get back to you shortly afterward to go over your options.
Once you have been approved and have come to an agreement on terms, the financing representative will forward some documents to sign. Once the paperwork has been completed, and they’ve confirmed all the i’s are dotted and t’s are crossed, you can get your car lift or Tire Changer, or whatever piece or pieces you desire. Then, it’s time for you to make some money with that equipment so you can pay for it!
You can call Chad Schaffner at Lease Station with any questions at 800-800-770-8107 (x223)