The Number 1 Tool You Should Be Using If You Lease Equipment for Your Business

The Number 1 Tool You Should Be Using If You Lease Equipment for Your Business

The Number 1 Tool You Should Be Using If You Lease Equipment for Your Business by: John Elliott of Jocova Financial & EquipmentWallet

 

If you were wondering if there was an easy way for small business owners and finance professionals alike to gauge the competitiveness of their equipment leases and leasing options in a simple, straightforward fashion, then the use of LeaseGrader.com is likely to be just what you need. As the name implies, LeaseGrader.com provides an overall score that details how competitive and fair a lease deal is along with valuable insights.

The Popularity of Equipment Leasing

Equipment leasing is widely used by businesses to acquire equipment and many of these businesses are uninformed about what the market has to offer in terms of rates, terms or structures. Therefore, many businesses end up proceeding with the first equipment leasing company they are presented with by the equipment dealer, the first company that approves them, or the leasing company they have a previous relationship with. The key takeaways from these scenarios are;

  1. How does one know that they are getting the best equipment leasing option available in the market?
  2. Is the equipment leasing option presented fair?
  3. Can you negotiation? And if so, what should you know to better educate yourself and get the best deal available.

 

See Related Article: Top 10 Reasons to Use Equipment Leasing for Your Next Equipment Purchase

 

What is LeaseGrader.com

LeaseGrader.com is a free to use online equipment lease grading tool that allows businesses to score their proposed or current equipment lease transaction(s). With some simple details about your company and transaction, you will be presented with an overall lease score which includes a simple evaluation and insights about the proposed lease transaction. Use the free analysis to better negotiate your equipment lease contracts with potential finance companies and save money. Furthermore, gain valuable insights about how finance companies evaluate business profiles and uncover some of the key terms and conditions to pay attention to before entering into a lease agreement.

See Related Article: Five Overlooked Things You Should Know Before Signing an Equipment Lease

 

 Get Professional Advice

The key to LeaseGrader.com ‘s effectiveness is that it has been built out of years of experience from industry experts. The algorithm quickly evaluates the transaction profile to determine what customers should expect to be paying and how their lease should be structured. LeaseGrader.com doesn’t check credit bureaus so you are able to score transactions as many times as required without effecting your credit. It is also worth noting that LeaseGrader.com only provides a general overview and evaluation based on average market data and that each finance company treats their underwriting processes marginally different. Other features of LeaseGrader.com include the ability to apply for equipment financing from the website, insights on lease structuring, and links to tools and resources.

What Does LeaseGrader.com Tell Me

Here is a list of some of the information you can expect from LeaseGrader.com once you grade a lease contract:

  • Instant evaluation of the lease structure including payments and terms
  • Valuable insights on how your lease compares to the market offerings
  • Education on what you should expect when leasing equipment
  • Negotiate better terms & rates and save your business money
  • Links to tools & resources
  • Insights on lease contracts and deal structuring with relation to buy-outs, administration fees, rates, end of term treatment, personal guarantee’s, insurance, fee’s, and more.

 

Check Out LeaseGrader.com Today and Negotiate Better Leases

Check out LeaseGrader.com today to do smarter equipment financing and save. Don’t forget to bookmark LeaseGrader.com so you have it handy next time your business is looking to acquire equipment.

Go To: www.LeaseGrader.com

For a full list of articles related to equipment leasing and financing, please visit leaseworld.org

Note: LeaseGrader is a tool to be used for Canadian small-ticket grading only and for deals under $100,000; generalizations. Each lender has their own underwriting policies and practices that can influence decisions and LeaseGrader should be used only as a general guideline.