Description
Industry data shows that the need for equipment and other product financing has evolved over the past few decades to where now nine out of ten U.S. companies use leasing or other forms of third party financing to acquire the equipment or other products they need. For market-aggressive companies offering products for sale, having an available in-house customer product leasing and financing program as a product marketing strategy can dramatically increase their ability to close product sales.
In the past, establishing an in-house financing activity was difficult and expensive, requiring unique and substantial additional business operational and financing components in addition to an extensive learning curve. This is no longer the case. In recent years, there have been wide-spread market advances surrounding the financing of equipment and other products that enable forward-thinking companies to cost-effectively establish their own in-house product financing activity, using readily available, state-of the-art financing software programs, and third-party back-office services to manage any part of the financing process.
This book will provide a product vendor with the turnkey know how it needs to assess the viability of establishing an in-house equipment financing operation, as well as the various considerations needed to set up and run its own cost-effective and profitable product financing activity.
Author: Richard M. Contino
Publisher: Business Expert Press
Published: 11/08/2019
Pages: 220
Binding Type: Paperback
Weight: 0.66lbs
Size: 9.00h x 6.00w x 0.46d
ISBN13: 9781949991925
ISBN10: 194999192X
BISAC Categories:
- Business & Economics | Finance | General
- Business & Economics | Real Estate | Commercial
- Business & Economics | Business Law
About the Author
Richard M. Contino, Esq., is an internationally recognized attorney, equipment leasing advisor, seminar instructor, and a businessman, experienced in the legal, business, marketing, and financial aspects of equipment financing.