Corporate Leasing https://thomcatleasing.ca/ You Find It We Finance It Thu, 27 Oct 2022 21:44:36 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.6 Equipment Leasing Pitfalls https://thomcatleasing.ca/2022/10/26/equipment-leasing-pitfalls/ Wed, 26 Oct 2022 15:04:57 +0000 https://thomcatleasing.ca/?p=2220 Don’t Make these 5 Common Errors Learn how to avoid some of the most common equipment leasing mistakes. Make more money for you and your business with your next lease. Mistake 1: Not Thinking of Your Lease as an Investment in Your Business The smartest thing you can do when you’re thinking about leasing is […]

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Don’t Make these 5 Common Errors

Learn how to avoid some of the most common equipment leasing mistakes. Make more money for you and your business with your next lease.

Mistake 1: Not Thinking of Your Lease as an Investment in Your Business

The smartest thing you can do when you’re thinking about leasing is to stay focused on your business goals. If your goal is to make money and grow your business, then equipment leasing might be the right choice.

Leasing helps you expand faster since you don’t have to save up for down payments. It also lets you keep more of your cash for other expenses. If you know your equipment will earn more each month than it costs to lease, then leasing is a winning investment!

Mistake 2: Not Knowing Your Credit Score

Your credit score is an important part of your leasing application. With a good credit score, you’ll be able to get better interest rates and maximize your profits through lower lease payments.

You can request your business credit report from any of the main credit bureaus. Check it for errors and ask the reporting agency to correct them if you find any.

If your credit score isn’t very good or you don’t have much credit history, you may need to take steps to improve it before you can get the best leasing rates. Check out our advice about leasing with poor credit or no credit.

Mistake 3: Leasing Equipment You Don’t Need

One of the most obvious and costly mistakes you can make is to lease equipment that you don’t really need.

Sometimes things change, and it turns out that you’re leasing equipment you don’t need after all. If this happens, don’t hold on to the equipment – give up the lease and send the equipment back to whoever is leasing it to you.

Mistake 4: Not Leasing the Model You Do Need

Another mistake that people often make is leasing the wrong equipment model because it’s the cheapest you could find. In the long run, this can turn out to be a lot less profitable. Choosing a model with higher maintenance costs or one that just isn’t up to the job is a bad idea. Bad equipment ends up costing you more.

Leasing spreads the cost of the equipment out over many months, so it’s better to think about the monthly costs than the total costs. If a more expensive model will also earn more (or save more) for your business each month, then that’s a better option.

Mistake 5: Not Shopping around for Quotes

If you know what equipment you want to lease then you should get monthly payment estimates from a few different leasing companies in Canada. This should give you a good idea of your options.

On top of getting some figures, you’ll have a sense of what it would be like to deal with each leasing company. Are they quick to respond? Do they give you good information? How’s their customer service? Choose wisely, because you’re going to be dealing with whoever you pick for the entire lease term (or longer).

When you gather estimates, just make sure you don’t trigger a credit check in the process. Too many credit checks in a short amount of time will lower your credit score and make it harder to get the best interest rates for your lease.

Ready to Get Started with a New Lease?

We’d love to help you grow your business with a new lease. Take the first step with our 60 second lease estimate. Just tell us how much you need and we’ll send you a quote – without a credit check!

Get a Quote in 60 Seconds!

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Trailer Leasing for Your Business https://thomcatleasing.ca/2022/09/26/trailer-leasing-for-your-business/ Mon, 26 Sep 2022 15:57:33 +0000 https://thomcatleasing.ca/?p=2214 How Leasing Can Get You the Trailer of Your Dreams The perfect trailer is hard to find, so many businesses turn to customization. But customizing your trailer adds to your upfront costs. So how can you lower your startup costs and still get the right features? Leasing gives you the power to get the trailer […]

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Trailer Leasing for Your Business

How Leasing Can Get You the Trailer of Your Dreams

The perfect trailer is hard to find, so many businesses turn to customization. But customizing your trailer adds to your upfront costs. So how can you lower your startup costs and still get the right features? Leasing gives you the power to get the trailer you want.

Free Up Cash with the Lower Upfront Cost of Leasing

Leasing slashes your upfront costs and spreads them out over the whole term of the lease deal. This makes it easier to expand your business without needing to save up a lot of capital first.

You won’t need to find money for a downpayment, and in most cases the trailer you lease will be all the collateral you need for the deal. Lease deals tend to be faster to complete and require less paperwork than a bank loan.

You’ll also have more purchasing power with leasing. Why settle for what you can afford to buy today, when leasing can get you the trailer you really want? Buy your trailer now and let it pay for itself while you work.

By spreading out your trailer costs, you’ll have more money available for other expenses. These could include customizations to your trailer – or you could just roll those costs into your lease.

Roll Your Customization Costs into Your Lease Payments

That’s right – lease deals can cover the cost of customization. You can get your trailer all set up first and pay for it later when you’re making money.

The customizations can be big or small. From tool racks, electrical, and flooring upgrades all the way to a full retrofit for hunting or camping – leasing covers the whole range of customizations you need for your trailer.

Buy it with Lease-to-Own

One great advantage of leasing is that you’re not stuck with anything. If you want to upgrade, you can just release your trailer and lease a new one. And at the end of your lease you don’t have to worry about selling your depreciated equipment, you just return it.

But what if you want to keep your trailer with all its custom modifications? The answer is lease-to-own. Ask about lease-to-own when you set up your lease agreement and be sure to keep track of your early buyout options. They can save you money at the end of your lease.

Need a Trailer for Your Business?

Lease a trailer with financing from Corporate Dealer Solutions. You can count on Simplex for a custom lease deal on your custom trailer. We’re trailer experts with over 30 years of experience helping independent businesses grow.

Start the ball rolling today with a 60 second lease estimate!

Get a Quote in 60 Seconds!

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How to Lease Equipment https://thomcatleasing.ca/2022/08/23/how-to-lease-equipment/ Tue, 23 Aug 2022 20:22:10 +0000 https://thomcatleasing.ca/?p=2202 Make Business Equipment Leasing Work for You Leasing is a great way for you to get the business equipment you need faster and with lower upfront costs than buying. Find out more about what equipment leasing is, how it works, and what to expect if you decide you want to apply for a lease. What […]

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How to Lease Equipment

Make Business Equipment Leasing Work for You

Leasing is a great way for you to get the business equipment you need faster and with lower upfront costs than buying. Find out more about what equipment leasing is, how it works, and what to expect if you decide you want to apply for a lease.

What is Equipment Leasing?

Leasing is an arrangement where a business gets machinery, vehicles, or other valuable equipment and uses them for a period of time in exchange for monthly payments.

How Does Equipment Leasing Work?

A business (lessee) leases equipment from an owner (lessor) for a set time. The lessee gets to use the equipment as soon as the lease starts. At the end of the lease, the equipment is returned to the lessor, unless the lease includes an ownership option (lease-to-own).

The cost of the lease, interest, and fees are broken down into monthly payments. The monthly payments could all be a flat rate, or the lease could be structured so that payments match the seasons, increase over time, or start several months after the beginning of the lease.

When Should You Choose Equipment Leasing?

Here are some cases where leasing is a good choice:

  • You need full time equipment but can’t afford it up front
  • You like to upgrade your equipment every 2-5 years
  • You want your equipment payments to be a regular tax write off

The Equipment Leasing Process

You can expect these steps in the leasing process:

  1. Find your equipment
  2. Calculate additional costs
  3. Get lease payment estimates
  4. Apply for a lease
  5. Submit financial documents
  6. Close the deal
  7. Get your equipment
  8. Buyout options

Find Your Equipment

Figure out what your business needs then shop around until you find the right model and price. Remember that you can lease new or used equipment from dealers, auctions, or private sales.

Calculate Additional Costs

Now it’s time to figure out all your additional costs like inspection, shipping, customs, taxes, etc. A good leasing company will roll these costs into the lease deal. They’ll be spread out over the whole term of the lease like the other costs.

Get Lease Payment Quotes

Now that you know your costs, gather some estimates from different leasing companies. It’s easy and quick to get a quote online with just the basic information about the equipment you want.

Get a Lease Estimate Now!

Apply for an Equipment Lease

When you are ready to make a purchase, either from a dealership, private seller, or auction – it’s time to apply for your equipment lease. Pre-approval will help you look like a good buyer if you’re shopping online or at an auction.

Apply For a Lease Online!

Submit Your Documents

Leasing applications require less paperwork than a bank loan, but you may need to provide some financial documents. Prepare your documents ahead of time to keep things moving along.

You’ll need to demonstrate your net worth (assets and liabilities) to complete some leasing applications. Be ready with recent bank statements and your most recent tax return.

Close the Deal

Buy your equipment! Let the seller know that you have financing. Send the invoice to the lessor so they can pay the seller. At this point you’ll make your first lease payment unless you arranged otherwise in your lease deal.

Get to Work

Once you have your equipment, you can really make leasing pay off. Put your machinery to work so it pays for itself.

Buyout Options

When you’re getting close to the end of a lease-to-own agreement, you will have a buyout option. This means you can make a single payment that gives you ownership of the equipment and ends the lease. Be sure to explore all of your end-of-lease options, before you sign for your lease.

Is Equipment Leasing Right for Your Business?

Leasing can be a powerful tool to boost your business, as long as it’s the right tool for the job. If you think leasing could be a good match for your goals, it pays to talk it over with a professional.

Corporate Dealer Solutions has been making deals to help Canadian small businesses since 1989. Our leasing experts would be happy to talk about your equipment leasing options and help you decide if leasing is your best option. Give us a call at 1-877-846-6228.

Already have some equipment in mind? Get a lease payment estimate in just 60 seconds!

Get a Lease Estimate in 60 Seconds!

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Why You Should Lease Older Equipment https://thomcatleasing.ca/2022/07/25/why-lease-older-equipment/ Mon, 25 Jul 2022 18:23:06 +0000 https://thomcatleasing.ca/?p=2190 Used Equipment Can Offer Good Value for Money Leasing older used models can be one of the most affordable ways to get the heavy equipment your business needs. Find out how to make used equipment leasing work for you! Why You Should Lease Older Equipment Lower Cost Old models might have fewer features and more […]

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Why You Should Lease Older Equipment

Used Equipment Can Offer Good Value for Money

Leasing older used models can be one of the most affordable ways to get the heavy equipment your business needs. Find out how to make used equipment leasing work for you!

Why You Should Lease Older Equipment

Lower Cost

Old models might have fewer features and more wear than newer ones, but they can also be dependable and familiar. And they cost less. So if an older model is the right tool for the job, why pay more for features you don’t need?

Less Depreciation

New models lose their value really fast. But with old equipment, if you take good care of it, there is much less depreciation to its resale value.

When you lease-to-own, it’s up to you whether you keep or sell your equipment at the end of your lease. Either way it will retain much of the money you’ve put into it.

Solve Supply Chain Problems

Supply chain issues make it hard for dealers to keep new models in stock – which means you might be waiting months, or years, for your equipment to become available. If you find a good deal on used equipment from a private seller across the country, you can even get financing for the shipping costs as part of your lease deal.

How to Lease Older Equipment

Find the Equipment You Want

The first step is to find the equipment you want for your business. You have tons of options because you can get lease financing for private sales. That means you can finance used equipment you find on Kijiji, Craigslist, Equipment Trader, and Facebook Marketplace.

Check Equipment Condition

Do your homework before you make a deal to lease used equipment. You’ll want to be sure that the equipment is in good condition.

You should also make sure the seller has the right to sell the equipment and there aren’t any liens on it. Learn more about how these simple steps could save you thousands of dollars in our guide to buying used equipment.

Choose the Right Leasing Company

Leasing older equipment can be tough unless you find the right financing. Most lease deals use the leased equipment as collateral. This is great because you don’t need to find other assets just to get a lease.

The trick is that some companies might not consider older used equipment valuable enough to be collateral. So don’t miss out on a classic – choose a company that specializes in financing older used equipment.

Finance Older Equipment with Corporate Dealer Solutions

At Corporate Dealer Solutions, we love used equipment – and you can often get older equipment approved through us! We’ve been in business since 1989 and we’re happy to finance leases for models that are older than we are. You find it, we finance it.

If you’re thinking about leasing used equipment, just fill in our quick estimate form. We’ll give you a ballpark figure for your lease payments in just 60 seconds.

Get a Quote in 60 Seconds

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Finance Your Private Sale Equipment Purchases https://thomcatleasing.ca/2022/06/27/finance-your-private-sale-equipment-purchases/ Mon, 27 Jun 2022 14:47:01 +0000 https://thomcatleasing.ca/?p=2168 Get Quick and Easy Private Sale Financing with Lease-to-Own A lot of people don’t know that you can get a lease to pay for private sale equipment. Leasing isn’t just for when you buy from a dealership. Lease-to-own is great for private sales if you want to spend less up front and close the deal […]

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Get Quick and Easy Private Sale Financing with Lease-to-Own

A lot of people don’t know that you can get a lease to pay for private sale equipment. Leasing isn’t just for when you buy from a dealership.

Lease-to-own is great for private sales if you want to spend less up front and close the deal without the hassle of a loan. Find out how quick and easy it can be!

What is a Private Sale?

In a private sale, you buy from a person who owns the equipment instead of a dealer. You can find lots of private sellers on sites like Kijiji, Craigslist, Equipment Trader, or Facebook Marketplace. You might also find equipment for sale by the owner through your professional network.

Private sales can be a great way to find what you want at a good price. Just make sure everything checks out before you make a deal.

Stay Safe When You Buy from Private Sellers

Buying from private sellers can be riskier than buying from dealers since you don’t necessarily know the sellers reputation. Minimize the risk with a few common-sense steps.

  1. Make sure the seller really owns the equipment. Ask to see the original invoice or bill of sale.
  2. Ask the seller if there are any liens or loans on the equipment.
  3. Check for yourself that there are no liens on the equipment. You can search PPSA for Canada or state UCC sites for the US.

How to Get Lease Financing for Private Sales

You found just the right equipment – now how do you pay for it? Lease-to-own financing is a quick and affordable way to buy equipment in private sales.

Expect faster approvals, more flexible payments, and less paperwork than a loan from the bank.

You Will Need

All you need to apply is a description and estimated cost of the equipment you want plus a few details about yourself and your business.

No Down Payments or Collateral

Lease financing often doesn’t require a down payment. Instead the whole cost gets broken down and spread out into monthly payments.

You can buy your equipment today, put it to work, and let it pay for itself. Choose a lease-to-own option and the equipment is yours at the end of the lease.

In most cases the equipment you buy is the only collateral you need. It’s that simple.

Ready to Buy?

If you’re ready to buy, Corporate Dealer Solutions can help. We’ve been getting great deals for businesses like yours since 1989.

Jumpstart things with a 60 second leasing estimate!

Get a Quote in 60 Seconds

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How to Sell Heavy Equipment the Quick and Easy Way https://thomcatleasing.ca/2022/05/24/how-to-sell-heavy-equipment-quick-and-easy/ Tue, 24 May 2022 15:20:21 +0000 https://thomcatleasing.ca/?p=2140 Partner with a Leasing Company If you’re a small dealer or private seller without a finance department, how can you speed up your sales and make more money on each deal? Join forces with a leasing company! Keep reading to find out how working with a leasing agency can get better results for you and […]

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How to sell heavy equipment the quick and easy way.

Partner with a Leasing Company

If you’re a small dealer or private seller without a finance department, how can you speed up your sales and make more money on each deal? Join forces with a leasing company!

Keep reading to find out how working with a leasing agency can get better results for you and your buyers.

Sell Your Heavy Equipment Fast

It really slows down the sale if your buyer struggles to get financing. Close the deal quicker with leasing. Your customers can easily apply for great rates and get approval in as little as ten minutes.

Lease financing is flexible enough to cover all the costs of the sale, including shipping, taxes, inspection and so on. Fewer obstacles, faster sales.

Since the leasing company arranges the financing, you don’t have to count on buyers to find it on their own. It’s easier for you and your buyer, so everyone wins.

Get the Best Price When You Sell

Price is the number one thing that turns buyers away. You know how much your equipment is worth, but how do you get the best price for it?

Break the price down into monthly lease payments. That helps the buyer see how it fits into their monthly operating costs. It will be easier for them to see how the equipment will pay for itself. When you team up with a good leasing company, you can get the monthly payment breakdown and give it to the buyer up front.

This is the best of both worlds for you and the buyer. The buyer pays in installments they can afford. With lease-to-buy, they own the equipment at the end of the lease. You get 100% of the sale price from the leasing company when the sale goes through.

Earn Commissions on Your Sales

On top of that, many leasing companies offer a commission on all completed leases. Team up with Simplex, and you could get as much as $499 for each successful referral.

no fees + higher sale price + commission = maximum profit for you

Less Paperwork, Less Stress

You can get all this with just a few clicks and some simple forms. The leasing company handles all the financing and legalities. It’s like having your own financing office without any of the hassle that comes with managing it!

Get Started with Your Free Virtual Finance Department

Ready to sell your heavy equipment the quick and easy way? Sign up for Simplex’s Equipment Reseller Toolkit!

How Does it Work?

Once you’ve signed up, the sales process is simple:

  1. Give your customer a 5-minute lease application
  2. Send Corporate Dealer Solutions the sales invoice
  3. Get paid 100% of the sale price

The best part is you’ll never pay any fees for this service!

Team up with Simplex

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Why Did My Lease Application Get Rejected? https://thomcatleasing.ca/2022/05/11/why-did-my-lease-application-get-rejected/ Wed, 11 May 2022 14:47:10 +0000 https://thomcatleasing.ca/?p=2133 Top Reasons You Didn’t Get Approved and What You Can Do about Them Rejection is frustrating when you’re trying to build your business. But it doesn’t mean you can never get equipment lease financing. Improve your chances with this short guide. Poor Credit Poor credit is a very common reason for rejection. Lenders don’t like […]

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Top Reasons You Didn’t Get Approved and What You Can Do about Them

Rejection is frustrating when you’re trying to build your business. But it doesn’t mean you can never get equipment lease financing. Improve your chances with this short guide.

Poor Credit

Poor credit is a very common reason for rejection. Lenders don’t like risk and a low credit score makes them think twice.

Which Credit Scores Matter

If your business is incorporated, focus on your business credit score. If you’re a sole proprietor or an unincorporated partnership, then personal credit also comes into play.

Personal credit problems trip up a lot of business owners. The best solution is to separate the two by incorporating your business. If that’s not an option for you, then polish your personal credit score.

Lease Financing Credit Breakers

The most serious credit issues take a long time to fix. Your equipment leasing options will be limited if in the last 5 years you or your business:

  • Filed for bankruptcy
  • Filed a consumer proposal
  • Consolidated your debt
  • Missed payments often

A messy divorce can also have negative impacts on your credit history as your assets get split and your credit score might get reset. Many don’t realize that a legal divorce will also impact your ability to borrow.

How to Improve Your Credit Score

Follow these steps to improve your personal or business credit score.

Start by requesting a copy of your credit report from any major credit bureau. Check it over and have the reporting agency correct any errors you find.

Pay off anything you owe to collection agencies with the “pay to delete” option. This means that the negative account will be removed from your credit report.

Increase your available unused credit by

  1. increasing the limits on your credit cards and lines of credit
  2. paying off the balances on them

This raises your score by lowering the “utilization ratio” of your available credit. But it won’t work if you max out the new limits, so keep the ratio low.

No Credit History

You might have trouble with credit history if your business is very new. It is more difficult to get an equipment lease in your first 2-3 years of operation.

How to Build Your Business Credit History

This problem takes time to solve. If you’ve registered your business and got a business credit card or line of credit, then you’re off to a great start.

Otherwise, get a business credit card and a line of credit to raise your available credit. This makes it easier to keep a good balance of unused credit and shows lenders you can live within your means.

Get to know your suppliers. Ask them to let you buy on credit. Make sure they report your payment data to credit reporting agencies. Then pay on time to boost your credit score.

Leasing Options without Credit History

You can get lease financing for some types of equipment even without credit history. Focus on equipment with a low cost and a high resale value. Lenders will view it as lower risk.

Poor Asset

A big advantage of leasing is that you usually don’t need any collateral besides the leased equipment.

The flipside is that it’s harder to get approved for a lease on equipment that’s considered a poor asset.

The best assets for leasing have a low cost and a high resale value. As well, equipment that is 10+ years old or has a lot of operating hours logged on it are difficult to lease.

This is easily fixed by finding a better or newer asset.

Ready to Apply?

Apply online today for a fast lease quote from Corporate Dealer Solutions. You can count on us for straight answers and the best rates.

Get a Quote in 60 Seconds

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Top 5 Reasons to Lease Your Next Air Seeder https://thomcatleasing.ca/2022/03/25/reasons-to-lease-your-next-air-seeder/ Fri, 25 Mar 2022 20:12:14 +0000 https://thomcatleasing.ca/?p=2119 Need an Air Seeder this Spring? Keep these Points in Mind Leasing is a great option if you want to lower your upfront equipment purchasing costs. With equipment leasing, you are able to spread out your payments on a schedule that works for you plus saves you money on taxes. With an equipment lease, you […]

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An empty field waiting for crops.

Need an Air Seeder this Spring? Keep these Points in Mind

Leasing is a great option if you want to lower your upfront equipment purchasing costs. With equipment leasing, you are able to spread out your payments on a schedule that works for you plus saves you money on taxes.

With an equipment lease, you can expect:

  1. Lower upfront costs
  2. An air seeder that pays for itself
  3. Payment plan that matches your growing season
  4. Better tax deductions than a loan
  5. Easy upgrades to different equipment

Lower Upfront Costs

Bank loans come with a lot of upfront costs that you have to pay before you can even get your hands on your new air seeder. Down payments, taxes, inspection costs, transportation fees – they all add up pretty quick.

Lease deals will have smaller down payments, if they have any at all. They also let you roll the other costs into your monthly payments instead of paying them up front. That way you can get your air seeder faster and put it to work paying for itself. Leasing also gives you more buying power, so you can lease better quality equipment with less cash on hand.

Your Air Seeder Pays for Itself

Leasing solves the problem of how to get the equipment you need to make money to buy the equipment you need. Break out of this frustrating cycle by making your next air seeder pay for itself with a lease deal. Use it to plant your crops and then pay for it in installments with the profits of your harvest. As a bonus, you can structure your payments to match your growing season!

Seasonal Payment Structure that Matches Your Business Cycle

Leasing offers flexible payment schedules that match the seasonality of farming. Banks prefer you to make regular payments of the same size each month. But lease deals can be structured so that you pay during the times of the year when you have cash flowing in from selling your crops.

Deduct Your Payments from Your Taxes

Leasing your next air seeder also has tax benefits. Because your monthly payments are considered a business expense, you can write the entire payment off – even if you have a lease-to-own deal!

Compare this with a loan, where you’re still making monthly payments but you can only write off the interest portion.

Upgrading is Easy

Technology is always changing and so are the needs of your business. Don’t get stuck buying an air seeder and then having to sell it at a loss. If you lease it, you’ll be able to trade-in or trade-up at pretty much any point in the lease you decide.

Ready to Get the Leasing Advantage on Your Next Air Seeder?

Corporate Dealer Solutions has been strengthening small businesses like yours with equipment financing since 1989. We understand the needs of Canadian farmers and we’d love to get you a great rate on your next lease with a deal that grows your business. Start today with a lightning fast estimate!

Get an Estimate in 60 Seconds!

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Equipment Leasing Solutions to Supply Chain Costs https://thomcatleasing.ca/2022/02/14/equipment-leasing-solutions-to-supply-chain-costs/ Mon, 14 Feb 2022 22:02:54 +0000 https://thomcatleasing.ca/?p=2096 Three Ways to Deal with Today’s Higher Cost of Equipment It’s no secret that the supply chain crisis is driving up the costs of doing business and making it harder to find the heavy equipment that you need. Competition for used equipment was already fierce at the end of last year, when it was reported […]

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A row of heavy vehicles.

Three Ways to Deal with Today’s Higher Cost of Equipment

It’s no secret that the supply chain crisis is driving up the costs of doing business and making it harder to find the heavy equipment that you need.

Competition for used equipment was already fierce at the end of last year, when it was reported that earthmover, truck, tractor, and other equipment prices were at least 25% higher than in late 2020. Then November’s flooding and mudslides cut the rail lines and highways in BC, slowing down the flow of new parts and equipment coming into Canada through the port of Vancouver.

So what can you do about it? Get creative with a leasing strategy that keeps you making money despite supply chain disruption!

Think Used and Private Sales when the Dealers are out of Stock

Dealers are having a tough time filling orders these days and the supply chain problems make it hard for them to predict when they’ll be able to get new equipment in stock. If you need equipment to take on new jobs today, you’re going to have to search online for used equipment.

Here are a few tips for buying equipment online:

  • Filter your searches for the best results
  • Search on popular, well-established sites
  • Focus on finding the best equipment, even if it’s not the cheapest
  • Cast a wide net and be thorough, look outside your city or even province
  • Get more purchasing power by leasing

Lease-to-Own the Equipment You Need Today

Financing your equipment purchase is your next big challenge. If you want a faster turnaround, lower up-front costs, and minimal paperwork, then you want to choose lease-to-own instead of getting a loan.

Lease-to-own financing offers you a lot of flexibility to set up the payment options that work best for you. It also lets you use the purchased equipment as collateral and count it as a business expense for the duration of the lease. Ask a lot of questions so you get the best possible deal.

Finance Your Shipping to Spread out the Costs

So now that you’ve found the equipment you need, you’ve got another problem: it’s halfway across the country, you need to have it shipped to you, and the price of gas just keeps rising. The good news is that you don’t have to go broke paying for shipping up front. Instead, you can roll the equipment shipping costs into your lease deal. Then you can pay off the costs while you’re working, in manageable monthly instalments. Make sure you ask about this option when you negotiate your lease.

Don’t Let the Supply Chain Slow Down Your Business

For over 30 years Corporate Dealer Solutions has been helping small businesses like yours get the equipment they need. Our You Find It! We Finance It! Lease takes the hassle out of financing equipment you find for sale online – private sale or dealer, Canada or the US, we can make it work!

We’d be happy to talk about all your options, including lease-to-own and rolling your shipping costs into the lease. To get started with a fast, no-pressure equipment lease estimate, contact us today!

Get a Lease Estimate in 60 Seconds!

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How a Small Construction Company Can Compete with the Big Dogs https://thomcatleasing.ca/2022/01/20/competing-as-a-small-construction-company/ Thu, 20 Jan 2022 20:34:46 +0000 https://thomcatleasing.ca/?p=2089 Focus on Service, Flexibility, and Dedication Construction is a competitive industry, so you need to find what sets you apart and make the most of it. Build strong customer relationships, be flexible enough to make the most of your opportunities, and be dedicated enough to do the tough stuff. Personal Service Builds Strong Relationships Offering […]

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A kitten frightens a big dog.

Focus on Service, Flexibility, and Dedication

Construction is a competitive industry, so you need to find what sets you apart and make the most of it. Build strong customer relationships, be flexible enough to make the most of your opportunities, and be dedicated enough to do the tough stuff.

Personal Service Builds Strong Relationships

Offering good customer service is crucial. Without it, you won’t be able to get repeat customers. That means you’ll lose out on the regular income they could bring.

And there’s another good reason you need satisfied customers: their word-of-mouth advertising can win you new customers without you spending a cent.

Since good customer service pays, keep these points in mind:

  • Be friendly with your customers and listen to what they have to say.
  • Find personal ways to follow up after a job, like sending a thank you note.
  • Respond to complaints quickly, politely, and thoroughly (even if they’re irritating).
  • Ask for feedback, take it to heart, and act on it.

It mostly comes down to listening to your customers and taking their points seriously, even if it isn’t always what you want to hear. The customer isn’t always right – but you do need to consider their point of view. Do that and you’ll build strong relationships, understand your business from other viewpoints, and use those insights to be more competitive.

Be Flexible so You Don’t Miss Opportunities

To succeed, you’re going to have to be flexible. That doesn’t mean you shouldn’t make plans, just that you should change your plans when it will benefit your business. When something doesn’t work, change it. And when opportunity knocks, answer!

A lot of times financing is the key to flexibility. If you think you need enough capital to buy all your equipment, think again! Chris, an entrepreneur who started a successful construction company after he lost his job in the 2008 recession, built up his new business by winning city contracts and then leasing the equipment he needed to fulfill them. To see if we can help you do the same, fill out our simple 5-minute equipment lease application.

Sometimes you need quick financing to expand your business. If so, and you own your equipment, consider sale and leaseback. This option lets you sell your equipment, invest the cash in your business, and lease the equipment right back so you can keep working.

It Takes Dedication

For most people a job is just a job, but it’s different for you when you run your own business. It means more to you, and that can give you an edge – dedication.

Use your dedication to your advantage by working hard not just on the things you like to do but also the things that are difficult. Don’t shy away from tough decisions or harsh feedback. Learning from mistakes is hard work, too.

Competition in business is never smooth sailing, especially for smaller companies. Sometimes you just have to hang in there when things don’t go your way. Stick with it – we’ll be rooting for you!

Get an Advantage with Equipment Leasing

Corporate Dealer Solutions is a small business just like yours. We know what it’s like to take on the big dogs because we’ve been doing it for over 30 years. Let us get you a better rate than the banks without all the hassle so you can focus on your business.

You know what you need, so get started today with our free online estimate. We’re so excited to support your business that we’ll give you a quote in 60 seconds!

Get a Free Lease Estimate Now!

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