Finance Your Purchase Instead of Placing a Lump Deposit
The supply chain disruptions in the economy present one of the more difficult aspects facing clients in the current economic environment. Clients are waiting up to one year to receive equipment, when in the past they have only had to wait a few months, if at all.
These long lead times can affect your business negatively. For most transactions, a vendor will require a deposit at the time of the order. This means that a client will need to make an outlay of cash several months before they will have use of the equipment. Money out, but no return on investment for perhaps a year.
An attractive alternative is to finance the equipment. The first and obvious advantage is that the client will lock in the rate at the time of approval. For the entire term of the financing, the monthly payment remains fixed and will never go up. No additional interest will be paid if rates rise in the future, as they are expected to do.
And as for the initial deposit that would otherwise drain the client’s cash position, financing it will result in the initial deposit being funded*, and the client will only be making smaller, monthly payments. The cash being expended by the client during the lead time will traditionally be less.
We will work closely with you to help ease the difficulty of long lead times by offering the best rates and terms to preserve your cash. Call us at 412 262-3225 to learn what programs are available to you.
We are Acceptance Leasing and Financing Service. We’re proud to be celebrating our 30th anniversary in business this year. Established in 1992, we pride ourselves on our Certified Leasing and Financing Professional designation. A member of SBCA and a frequent attendee of the BCMC tradeshow, Acceptance Leasing and Financing Service, Inc. knows the equipment of the component manufacturing industry. We can provide financing for any new and, regardless of age, used equipment. Also: Ask about our “Equipment Plus Cash” program.
*Subject to approval, by credit, of the vendor. Most component equipment vendors are already approved with us.