| "The most important contribution of the equipment | | | | First, contact the manufacturer of the equipment you |
| leasing industry lies in providing access to capital," said | | | | wish to lease. Usually, manufacturers of the equipment |
| Michael Fleming, the leader of the Equipment Leasing | | | | will refer to a leasing company with which it does |
| Association for the last 25 years. This summarizes the | | | | business. Get the quote from the leasing company and |
| work done by equipment leasing companies in enabling | | | | check it with the manufacturer. The manufacturer |
| the growth of other industries. | | | | wishes to sell the equipment to you so he will check |
| Role of an equipment leasing company | | | | that you are not getting a raw deal. It is a good idea to |
| A company wishing to lease equipment goes to an | | | | get a quote from more than one leasing company. |
| equipment leasing company. An equipment leasing | | | | Then choose the one giving the overall best deal. |
| company buys equipment from the manufacturer or | | | | An equipment leasing company may be different in the |
| other sources and leases it to the customer for use, | | | | sense that it might specialize in transportation |
| charging a fixed monthly fee for the duration of the | | | | equipment or medical equipment and even add free |
| lease. The customer does not have to pay huge down | | | | insurance coverage for the equipment. Also some |
| payment that would be required to finance the | | | | companies might offer special packages for a new |
| purchase of that equipment. | | | | start-up, etc. |
| How to choose a leasing company? | | | | Conclusion |
| There are so many equipment leasing companies that | | | | The role of equipment leasing companies in the |
| it is very difficult to find the right one for the desired | | | | everyday life of industries is well represented by this |
| equipment. Of course, the company offering the | | | | remark by Michael Fleming: ""If leasing were |
| lowest fixed monthly rate is the best. But the | | | | unavailable, many entities, from non-profit to private |
| requirements for the disclosure of business transaction | | | | organizations, from tax-exempt entities to public |
| in leasing are less than in the consumer market, so | | | | companies, would not be able to acquire the equipment |
| finding the best lease can be difficult. | | | | they need. |