Equipment Leasing Options Can Be Limited
December 31st, 2011
There are cases where the available equipment leasing options can be quite limited.
For instance, if the equipment you are trying to lease finance is relatively new to the market place and/or is highly customized in terms of its use, there may not be much of a resale market for the asset and as a result equipment financing companies may not see much value in the asset as security for an equipment lease financing facility.
The other main case where options are limited is when the applicant has a weak credit and/or financial profile that makes it difficult for a leasing company to make a decision in their favor.
Entry Filed under: Finance