Friday, October 8, 2021

Ten Advantages of Financing


Financing programs create several benefits that your customer will appreciate and should consider before making the decision on how they intend to pay for your products and services.  Below are the most popular benefits/advantages of financing at the customer level.  Give me a call to discuss how you can implement creative financing options that enable your customer to do business with you!:

Ten Advantages:
1. Usually longer term available, resulting in lower monthly payment.
2. Cheaper than "alternate finance" rates.
3. Leverage---leaves normal lines of bank credit undisturbed.
4. May increase the firm's ability to acquire funds, as well as does not dilute ownership.
5. Creates or maintains working capital for inventory, accounts receivable, other expenses.
6. Can make "skip payments" or "seasonal payments" or "quarterly payments."
7  Can take advantage of Section 179 Depreciation.
8. Pays for equipment out of before-tax savings rather than after-tax profits.
9. Often can let you acquire the upgrade that you thought "too expensive."
10. Provides cost-cutting or profit making equipment to be installed immediately.

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