| If you are looking to start up and/or expand a business, | | | | from basically new to ten years old and all items are |
| finding capital is always one of the most difficult | | | | reconditioned prior to being re-leased. The front money |
| adventures the entrepreneur will encounter. Two key | | | | on these deals, at this time of year, range from 3-5% |
| components to the financing side is the credit | | | | of the acquisition cost and financing up to 60 months. |
| qualifications and the amount of money required either | | | | Wow! All of the dealer financed inventory has residual |
| to start up and/or expand the operations. | | | | buyout clauses at the end of their leases from ten to |
| One of the solutions, that I can offer to you in a | | | | twenty percent, Therefore you can take title to the |
| leveraged world is the concept of leasing. Leasing is | | | | acquisition. If you don't have the funds available at the |
| an unique opportunity for the individual and/or business | | | | end of the lease, the lender permits you to continue |
| to utilize very little front money and acquire financing up | | | | making payments on the residual until it is paid off, so |
| to $250,000, application only. An application only means | | | | either way you will take title to the item financed. |
| there are no financial statements, income tax returns, | | | | Examples of what is in the dealer financed inventory: |
| personal financial statements and bank statements | | | | dump trucks, over the road trucks, day cabs, garbage |
| required. The collateral of the acquisition and your good | | | | trucks, landscape and grapple trucks, flatbed trailers, |
| credit is the key to this approval, no additional collateral | | | | dry van and reefer trailers, backhoes, excavators, |
| is required. | | | | dozers, forklifts etc... |
| In this equation, you must asking yourself what good | | | | One of the additional features of this dealer/finance |
| credit is, a personal credit score of 680, 700 and | | | | program is that shipping to your location is an additional |
| maybe 725 or higher. In this imperfect world where the | | | | option for you. The location of the dealership is in the |
| economy is somewhat unstable, this opens up a | | | | Midwest. The decision that you have is whether you |
| unique opportunity for dealer financing with small and | | | | want to fly out and inspect the acquisition and drive it |
| large U.S lenders. One particular program offers the | | | | home. The other option is that the dealer can have it |
| start up and seasoned business an unique opportunity | | | | shipped to where you live. This additional charge can |
| where the minimal personal credit must be 575 or | | | | be financed, however requires some additional front |
| higher. Wow, are you kidding and no bankruptcies | | | | money, the decision is yours whatever is best for you. |
| discharged within five years. With an unstable | | | | In conclusion, whether you are a start up business or a |
| economy and a shrinking labor pool, this offers an | | | | seasoned one, there are manyleasing programs |
| unique opportunity for the start up business and the | | | | available. You should be careful and understand the |
| seasoned one as well. | | | | details behind the lease and thelender requirements. |
| You probably asking what the catch to this is? Really | | | | Many banks and lenders also offer repos and off |
| none except this is a dealer financed inventory and | | | | lease commercial vehiclesand heavy equipment for |
| you must select the items out of the lender's inventory. | | | | lease with advantageous terms. Check it out and find |
| This inventory includes approximately 300 work trucks, | | | | yourself adeal. |
| trailers, and construction equipment. These items range | | | | |