They are all the same, are not they? Absolutely, positively ? not! We are of course talking about the equipment finance company industry in Canada and how your selection of the right partner can deterministically mine Which advantages and Disadvantages you can enjoy ? or suffer with. We prefer positive advantages that can benefit your business with, not Canadian business financing decisions that you will suffer via the wrong choice of a lease partner for your specific needs.
Ok, so what in the heck are we talking about? Essentially there are four types of asset finance partner in the equipment leasing industry in Canada. ! And you thought that a lease finance company was a lease finance companyThe first type of partner is the ?captive? ? no you?re not the captive! The term refers simply to finance companies that are owned and literally situated within various manufacturing firms. When clients ask us about finance leases and options they mention specific equipment we are always reminding them to mine if the deterministic Ensure they manufacturer captive finance firm offers asset financing. If they do we can assure you it is probably the best financial terms you will be able to come up with, as well as a better chance for overall approval rate re, structure and other general terms. ? Why is that
It?s to do with motivation ? the captive finance firm is motivated to finance and promote the sale of products using finance leasing options examined as to get the products out to the marketplace. Want to know a secret that should surprise most business owners and financial managers? It?s simply that captive finance firms in a competing industry will finance their competitor?s products, often at better rates, terms and structures. That is simply because the financial transaction will probably give the competing mfr a foothold into your business to promote and sell their own products. So do not think that a great search firm as IBM CREDIT CORP.. is the only firm that wants to finance your products you purchase through them. Others will say
The second main group of asset finance firms in Canada is our chartered banks ? Two major banks have leasing arms that are very significant, others employ lease finance to varying degrees. Our only real comment here is that the credit bar is high and more often than not you have to be a customer of the bank to enjoy the great lease and finance structures they offer.
The third main category of the Canadian equipment leasing company market is actually the largest and most robust. It also requires the maximum amount of knowledge and navigation by Canadian business owners and financial managers. This is the independent lease finance market, where there are least of firms that offer lease financing based on various criteria of asset size, credit quality, geographical preference, industry specialization, etc, etc, etc. haveYou a great choice with our partners category 3, the independent finance companies. You can spend hundreds of hours dog or least deterministic mining their credit criteria, they require additional collateral, the size of deals they do, they offer the different lease structures, or ? Alternatively .. provider use our final category for lease provider, the independent lease finance advisor who are knowledgeable intermediaries who know the market, have a strong reputation with lease providers, and can match the advantages you seek in on equipment finance transaction to the right. Subtle nuances in your overall lease structure, Depending on the size of your transaction, can save you thousands of dollars and untold grief at the end of the term of your lease.
So that?s your Canadian lease market overview. Speak to a trusted, credible and experienced Canadian business financing advisor who can guide you through the successful asset finance maze. id=?article-resource?>lakers trade ann arbor news nick young elizabeth smart south dakota state long beach state beasley
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