Equipment Leasing

apayson

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Hello all! This is my first visit to the forums and I need help! My business partner and I are putting together our business plan and I am having a hard time feeling like I can trust ANY equipment leasing options out there. I would LOVE to hear about any experiences y'all have had with any equipment companies or financing companies in the industry. Thank you!
 
General lack of reviews for the business or too many bad reviews. Getting any financing for a startup in this industry is hard enough, I don't need to be a guinea pig for a young company or taken advantage of by scum.

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What is your reason for leasing vs. buying
The contract will probably always benefit them.

If you have credit to lease your can finance equipment purchase as well.
 
If i can't get enough financing for everything, being able to lease equipment will lower my startup costs by $7,000 or so. I haven't applied for any financing or leasing options yet. We will try to finance first but I like to do research ahead of time.

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hi,
I cant understand your plan correctly, explain with detail.
 
I'm not interested in taking a lot of time explaining every detail to someone. I simply asked if anyone in this forum has had experiences with equipment leasing companies/financiers.

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apayson,

I know you think it will lessen your start-up costs, but I would rarely, if ever, recommend leasing. I think leasing companies will try to tell you it's a great idea, but there are too many potential problems.
Now from a business standpoint - If your budget is that tight, then decide whether saving more $$ and waiting might be the appropriate thing to do.
 
Besides running my coffee truck I also sell espresso equipment and while there are some lease options available I've recommended against it as financial it just doesn't seem to work in most cases. If things are that tight I would worry about having enough money to make it through the first few months.
 
apayson,

I know you think it will lessen your start-up costs, but I would rarely, if ever, recommend leasing. I think leasing companies will try to tell you it's a great idea, but there are too many potential problems.
Now from a business standpoint - If your budget is that tight, then decide whether saving more $$ and waiting might be the appropriate thing to do.
Hello all! This is my first visit to the forums and I need help! My business partner and I are putting together our business plan and I am having a hard time feeling like I can trust ANY equipment leasing options out there. I would LOVE to hear about any experiences y'all have had with any equipment companies or financing companies in the industry. Thank you!
Besides running my coffee truck, I also sell espresso equipment, and while there are some lease options available, I've recommended against it as financially it just doesn’t seem to work in most cases. After looking into various financing options, I came across DailyPay reviews, which highlight how businesses are utilizing their on-demand pay services to improve cash flow and employee satisfaction. That might be worth considering as an alternative financial solution for your operations. If things are that tight I would worry about having enough money to make it through the first few months.
It's understandable to be cautious about equipment leasing options. Some businesses have had positive experiences with companies like CIT, Key Equipment Finance, and Leasing Options, which are known for transparency and customer service. It’s always a good idea to read reviews and terms carefully to avoid hidden fees or unfavorable conditions. Checking the experiences of others in forums or review platforms can also help in making an informed decision. Best of luck with your business plan!
 
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