10 Reasons why leasing or finance is better than a bank
So you are looking for equipment Financing or Leasing, and you have two choices, your neighborhood bank and JMC Equipment’s Finance Team.
So let’s go over the reasons why the JMC Equipment Finance team is a better choice.
Reason 1: Simplicity
JMC Equipment has a simple online form with a couple of basic questions while the bank will want you to bring several years of tax returns and about one hundred other financial documents.
Reason 2: Time
JMC Equipment’s Finance Team can give you an answer fast while the bank will make you wait weeks. Our team will usually take a couple of hours to review all your information and approve you.
Reason 3: 100% Financing
The bank usually finances only 80% of the equipment, and no soft costs. JMC Equipment’s Finance Team will finance 100% of the equipment and will also finance soft costs like delivery, installation, etc, and depending on how good your credit is, we can also offer you a $1 buyout.
Reason 4: Your first born
The bank will require cross collateral, meaning your home, your boat and your kid’s college fund all get tied up with your loan. JMC Equipment Finance team will leave your kids alone, along with everything else that you owe.
Reason 5: Freedom
The bank will want you to keep a healthy balance in your bank and hooks their nose in your debt to equity ratio and other numbers. We don’t, we will finance the equipment without the mumbo jumbo.
Reason 6: Credit Availability
If you borrow from the bank for equipment you won’t be able to borrow later if an emergency comes up. Using our finance team for equipment purchases means that you can still use the bank for emergencies.
Reason 7: No Hidden Charges
Banks love extra fees and nickel and diming you. Our finance team doesn’t have time for that and neither do you.
Reason 8: Fixed term is better
Your accountant will tell you, our term quote will looks better on the balance sheet than a bank’s revolving terms, and the tax man will agree on that as well.
Reason 9: Rate Adjustment
Do you really think rates are going down? No, we don’t either. Which is why our terms are better than the bank’s adjustable rates.
Reason 10: No Yearly Re-qualification
JMC Equipment is not going to ask you to re-qualify for the loan annually, but the bank will. Just read the fine print.
And there you have it, 10 great reasons to choose JMC equipment Finance team over the bank. To learn more, just visit JMCAutomotiveEquioment.com or call us up at 877-298-7730.
Do you have any more reasons why you should finance through us instead of the bank? Let us know.