Mar 19

10 Reasons why leasing or finance is better than a bank

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

Online form

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

Fast results

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

No Interest Loan Cartoon

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

requalification of a loan

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.

About the author

JMC Equipment

1 comment

  1. Michael Michalak

    I would be happy to discuss lease terms with anyone willing to talk with me. As a relatively new business (formed Oct. 2012) it seems to be difficult to qualify for any type of leasing or financing. I can be reached at quincycustomsllc@gmail.com or (217)440-8185.

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