These days it’s fairly easy to find an equipment leasing company that you can work with, as long as you’re willing to research options available to you and make an informed decision. Here are some important steps to follow when choosing an equipment leasing company to work with.
A simple process
One of the first things you should always look for is an equipment leasing plan which includes a low rate of interest, so that you can maximize your company investment. However low interest rates are just the beginning, and you really need to make sure that any company you work with also has a simple and understandable process, since you will probably be associated with them for at least a couple years.
Single point of contact
For any equipment leasing company you’re considering, make sure to find out who will be managing your account, and that you can count on that person for all communications between your company and the leasing firm. You’ll also want to know that this contact person is accessible at all times, if you have any questions or complaints.
Understands your industry
It’s always much easier to work with an equipment leasing firm that understands your industry, and all the requirements of equipment which is needed to conduct operations. Some very large financial corporations are required to focus on a great many things at once, which leaves them very little time to focus on the details of your industry. Smaller lenders tend to be able to provide more specialization, and often have consultants who are very knowledgeable about your industry.
Positive online reviews
It’s good to know that any company you choose to work with has been found to be reliable and professional by others who have previously worked with that company. For this reason, it’s very important to read the online reviews and testimonials about any equipment leasing firm you’re considering, so you know what other clients have experienced when working with them.
Looking to lease new equipment?
Our financial specialists are experts at arranging for equipment leases, and if leasing is the right option for you, we’d be glad to help set it up. Contact us at Steadfast Funding Partners to find out more about equipment leasing and how it can work for you.