Understanding the Impact of Blanket Liens in Equipment Financing In our journey through equipment financing, we last left at the dealership, negotiating the trade-in of our delivery truck. But we hit a snag – the bank had put a lien on it as part of an equipment lease on our Digital Super Widget… If this scenario sounds confusing,… Read More »
I’ve talked about advantages of using an equipment financing company over the bank whenever you need to finance or lease equipment. There are a myriad of reasons, of course, but one of the biggest is the blanket lien that often comes with a bank loan. It’s also fairly misunderstood or ignored. That’s probably because of the word “lien”… Read More »
One big advantage of equipment financing is some equipment financing companies will offer to finance more than the equipment. In fact, I would go as far to say that when shopping for an equipment lease or such, choose a company that will finance soft costs / add-ons over and above the cost of equipment. Why is this important?… Read More »
I’ve mentioned that offering financing through a third-party can provide a big boost in sales for equipment sellers. I talked about how salespeople liked it, and consider offering a payment option a powerful part of any “close”. But why wait for the close? Why not let the customer know right from the beginning that monthly payments are available?… Read More »
I just had a tree removed from my yard yesterday. And, while the crew was working, I chatted with the owner of the company a little bit. The story he told me about how he started and grew made for a perfect post here. So let’s talk about financing tree removal equipment / leasing bucket trucks (or boom… Read More »