According
to research done by Equipment Leasing Association (ELA), 80 percent
of US companies lease some or all of their equipment, and according
to the US Department of Commerce, currently 31 percent (approx.
$180 Billion) of all capital equipment is acquired through leasing.
There
is no question that leasing will help your company sell more equipment,
adding value and convenience for your customers and profitability
to your business. This has been confirmed over and over again by
the top tier of successful vendors selling all types of commercial
and industrial equipment. A vendor that brings a financing option
to its customers can avoid delays and is in control of the sale.
BargainLease
has one of the most successful vendor programs in the industry.
We have Lease Programs that
can fund transactions from $1,000 to $1,000,000 and can include
nearly all types of equipment.
We understand the competitive marketplace for vendors and the need
to not only win customers but also keep them by developing long
term relationships. It's all about ease with which your customers
can acquire products from you and get the financing all at a single
source through a seamless process. Our Products
& Services are designed to accomplish just that.
Some
unique benefits of our vendor program are as follows:
Flexible
Lease Programs
We have Lease Programs that
can accommodate the needs of all types of businesses. For example
we can quickly process a $3,000 lease application and a $300,000
equipment acquisition all as part of our normal business activity.
We have plans for extended lease terms of up to 84 months, "Application
Only" plans which require no financial statement up to $250,000,
T-Bill pricing plans starting at $20,000, and equipment loan programs
all under one roof.
High
Approval Ratios
At BargainLease we are a one-stop shop for all your customers. We
in a very unique position to accommodate A, B, C and marginal credit
deals. As a result we have approval ratios in excess of 90%. We
maintain relationships with all the major funding sources in the
industry at rates that are very competitive. Each funding source
has its own credit criteria; and therefore, there are very few transactions
that cannot be approved either internally or externally.
Competitive
Rates & Flexible Payment Plans
Our rates are very competitive based on the US Treasuries. This
makes the payments to your customers very affordable and alleviates
the "sticker shock" for your customers. We also have plans
with full financial disclosure starting at $20,000 that make the
payments even more competitive. In addition we have various Flexible
Payment plans to meet the cash flow challenges of your customers.
Dedicated
Account Manger
An account manager shall exclusively be assigned to design and implement
your lease program. We are staffed with the best lease professionals
in the industry to complement and enhance your sales effort. The
account manager shall be your key point of contact and shall constantly
keep you updated on the status of all your lease applications and
assist you and your sales staff in closing more deals.
24
Hour Turnaround on Credit Decisions
The credit approval process is generally one day or less. It is
our steadfast commitment to all our vendors to provide timely response
on all applications. Occasionally additional information may be
required from the Leassee in order to complete a lease application.
Your account manager, at your option, can either contact the Lessee
or work with you in getting the information.
Simple
Documentation & Faxable Lease Documents
All our lease documents are in simple easy to read and understand
language. We can also fax completed lease documents the same day
as the lease approval. Your account manager can take care of all
the documentation needs.
Pre-funding
Vendor Pre funding for deposits and advance payments available generally
up to 75% and on certain approved credits up to 100%.
Efficient
Funding Process
All vendor checks are shipped overnight via FedEx within 24 hours
of lease acceptance. We can also set up your program to have funds
wired into your business checking account the same day of lease
acceptance. All at no extra cost to the vendor.
Include
Service & Maintenance Agreements
The cost of service and maintenance agreements can often be included
in the amount financed. Taxes, installation, and other one-time
charges can also be financed. We always give our best shot to minimize
the upfront "out of pocket" expenses for your customers.
Daily
Status Reports
The vendor is always in the loop, informed on all lease applications.
Your dedicated account manager can fax or e-mail daily reports on
applications received, application status, pending deals, and deals
in funding.
Lead Generation
Our endeavor has always been to use our resources in helping our
vendor partners grow by establishing new customer relationships.
In pursuit of this objective we shall match our existing customers
and lease prospects with vendors who can provide them with those
products and services.
Private
Label Programs
We have the means to put together a Private-Label program to meet
your needs. Programs that can address any unique requirements for
all types of equipment and industries.
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