Sign making Equipment Leasing

[typetching]

Hello! Mike from Missouri here (and Texas, sometimes)...I was wondering if any of you have used an equipment leasing company and can point me in the right direction. My aunt, who has a long-time sign / promotional products shop (25+ years), and I are wanting to upgrade her business with sublimation and wide-format printing. We will be acquiring new equipment from multiple vendors and need a leasing company with a good track record and service. Thank you in advance for your time and thoughts!

 

[ChicagoGraphics]

Welcome to Signs 101

 

[Mosh]

never used a "fleecing" company before...just pay for it and not worry about payments.

 

[typetching]

thanks, Mott. However, IMHO, leasing equipment has its place if purchasing/expanding your business severely limits the business' operating cash and/or the business can use the multiple tax advantages.

 

[Mosh]

I guess if you want to pay double for something, then go for it....

 

[typetching]

 

[spmracing]

If anything, i would go get a bank loan before leasing it through a printing manufacturer.

 

[Billct2]

I ahve done lease to won with $1 buyout several times. Worked fine.
But I would also consider a bank loan and compare the two.
Leasing usually costs more, but is easier to qualify for.
Since it's your aunt's business look into "woman owned" business
loans and see if there are incentives for business expansion.

 

[Baz]

So far i have had good experience with leasing equipment. I like to put half down, lease at a low rate and have a buyout option at the end (usually it's 10% of the leased/borrowed amount). Works great for tax purposes! And by leasing a low amount makes for small monthly payments.

 

[typetching]

Thank you

Thanks for all of your comments, people! If anyone can be specific on a recommendation of a leasing company for multiple vendors, I would appreciate it.

 

[bikecomedy]

Tried to reach the bank of my current lease to see if they would accept your application direct without and agent. Closed currently. My suggestion would be to eliminate the leasing agent entirely, not literally though .

 

[bikecomedy]

We used this company . https://conestogabank.com/business-banking/leasing/leasing-for-business-owners/

 

[SignBurst PCs]

We have worked with many leasing companies. If you want specifics, email me and I will send you some info.