What are the options for purchasing equipment, do you do credit terms or leasing?
Interesting question as you are really not referring to any type of store whether it be retail, wholesale, or commercial. But we’ll take a stab at it.
First lets assume you are purchasing equipment large enough to say that they cost os over $2000 probably.
Next, let’s assume you are purchasing for you office, store, or other.
With those two assumptions in place, I took my question to my bail bonds agents friends and these were their answers.
1. You’ll find that most companies selling large equipment will only do credit terms. If you are looking for financing the purchase, you’ll have a good chance to find some answers out there.
2. Well, it depends, if it was furniture, I’d say you’re going to get a lot of options out there for leasing, but since the question is for equipment, then most likely you’ll only find credit terms available. The reason is, the resale on equipment is very low and difficult to move such items. Reselling furniture is quite easy and the companies providing the furniture make quite a bit of money providing this service.
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