Are there any common mistakes companies make when financing HVTO equipment?
The most common mistakes companies make are extending the term of the lease beyond their growth expectations, and choosing a leasing company solely based on their rates. I often view a lease as an iceberg because you don’t know what’s under the surface. As with any financing contract, you should identify any hidden fees, termination costs, or other fees associated that are embedded in agreements so you understand the total cost of the lease.
