Can a vendor leasing program help you close more sales?
If you’re in the business of selling large pieces of equipment or technology to businesses, you know that closing a sale with cash is often a tough sell. Often, customers don’t want to go through the hassle of applying for a bank loan, and no business likes laying out a large amount of cash for a purchase that pays for itself over time. That’s where vendor leasing programs come in.
Vendor leasing programs or vendor financing programs make it easier for you to close sales by letting you offer a monthly payment price rather than a lump sum. There’s a reason car dealers promote monthly car payments rather than full cash amounts – as consumers, we think of our finances on a monthly basis, not cost over the life of the purchase. Since equipment and technology are used over time, it only makes sense to pay for the product as its being used.
Here’s how it works. First, your company partners with Advantage Leasing. We create a button for your website that will let your customers apply for financing online or figure their estimated payment instantly. Your customer applies for financing, we respond within one business day (sometimes even the same day), and you close your sale! Your company gets a check for the purchase price up front, and your customer makes payment to us.
Are financing rates competitive for vendor leasing programs?
Financing rates vary from company to company. Advantage Leasing has some of the most competitive rates for vendor lease programs in the business.
Why consider a vendor leasing or vendor financing program?
Leasing or financing are particularly attractive because it enables the buyer to spread the costs of the equipment over time. Vendors like partnering with us because it lets them focus on doing what they do best – selling equipment, not managing financing programs. Here are some of the key reasons why you should consider a vendor lease program for your sales team.
- 80% of businesses lease some or all of their equipment.
- Selling a payment is easier than selling a total price.
- Leasing can help you increase the size of the sale.
- Lease payments are a tax-deductible business expenses
- Customers can profit from their equipment immediately, rather than starting with a large deficit
To begin a vendor lease program for your company, contact Advantage Leasing today.
Ready to start offering leasing to your customers?
Find out how easy you can get started today by applying for our vendor program.
[button link=”/vendor-partner-application/”]Vendor Partner Application[/button]
Advantage Equipment Leasing is based in Milwaukee, Wisconsin and we serve clients nationwide in the small ticket category. We are not brokers, so we can offer you better rates. And since we lend directly to you, we offer more flexibility on payments, such as no penalties for prepayment, and a personal approach that you don’t receive with computer generated companies.