Depending on your particular needs, you have the freedom to choose from several different types of equipment financing, including asset leasing, chattel mortgages, equipment rental and cash flow funding.
‘Before you start, there are a few questions you need to know the answers to so you are matched with the right type of financing,’ Toby makes clear. ‘Make sure you know if the item is an additional or replacement item. Which brand and model type you want and need, and why. If you are purchasing new or are considering used or refurbished equipment. Lastly, how often you will use the equipment? Will it be required every day, intermittently, or maybe seasonally? Once you know this, a real expert can help you – and fast.’
Toby recommends you take the time upfront to do your research on the equipment you need. Knowing what you want and why will really pay off to speed up the approval process.