If you’re a vendor of high-priced equipment, then you understand that it’s often challenging to close a sale with clients not willing (or able) to pay all the capital upfront.
That’s the reason why as a vendor, you need a vendor leasing program.
A vendor leasing can help in preventing your clients from walking away from your company without making any purchase. That’s because this type of leasing allows your client to use the equipment even without shelling out huge payment.
Having a vendor leasing program is like having a captive finance company. The only difference is that the leasing applications are handled by a separate company.
Vendor leasing program can significantly help you close more sales. Most business owners understand the risk of spending their capital for purchasing costly equipment. Money-wise, they understand the value of leasing their equipment.
Again, a vendor leasing program is a working relationship between you (the vendor) and an equipment financing company who comes up with financial solutions for your customers. Hence, it is immensely vital that you make a partnership with a reliable and reputable equipment finance company.
In this blog post, I’ll talk about how to find the right equipment finance company for your vendor leasing needs.