A Step-by-Step Guide for Small Businesses Looking for Equipment Leasing Services
Finding the right equipment leasing company to work with can be a daunting task for any small business owner. There are many options available and they all sound the same. It can be difficult to start separating the winners from the losers.
Fear not! This step-by-step guide will help you choose the right equipment leasing company in Canada to work with so that your business grows and thrives for years into the future.
Tips to Choose the Right Equipment Leasing Company
Consider Your Industry: Different leasing companies specialize in different industries. Beware of the company that tries to work with all industries, they aren’t specialized enough to understand your circumstances. Choose a company with experience leasing equipment in your industry. This ensures they can offer the best possible rates and terms – for you.
Compare Lease Terms: There are a variety of financing terms and options available, so be sure to know which terms you want. It’s easy to get bamboozled by shady leasing companies who play games with lease terms to make it sound like a better deal. Go in knowing what you want for term length, end of lease option, and maintenance expectations.
Get Multiple Lease Payment Estimates: Don’t just go with the first company you talk to. Get quotes from several different lenders to compare rates and terms to ensure you’re getting the most well-rounded, and best-for-you, deal possible. It’s easy and fast to request a free lease payment estimate online.
Check the Companies Online Reputation: Before signing a lease agreement, read customer reviews and check for industry credentials. Unfortunately, there are scammers in the leasing industry that can setup a “shallow” online presence. Dig a bit deeper online to ensure you’re working with a reputable and legitimate company – do this before you sign anything or transfer any money.
Ask Questions: Don’t be afraid to ask questions. The leasing company should be happy to answer any questions about their products and services in an honest and transparent way. Ask for what you want – the worst that will happen is they could say no. Test your lease company contact’s knowledge of your industry. If you’re confusing them over basic knowledge, then it’s a no-go.
Some Additional Factors to Consider
Try to keep these factors in mind while you consider the equipment leasing company:
- Reputation
- Experience
- Customer Service & Industry Knowledge
- Rates and Terms
- Flexibility
Thomcat Leasing is a Reputable Equipment Leasing Company in Canada
If you’re looking for a hassle-free way to get the equipment you need to grow your business, Thomcat Leasing is an excellent choice. We offer fast approvals, a stress-free lease process, and flexible lease terms that big banks can’t match. We work with businesses in construction, agriculture, civic services, forestry, mining, oil and gas, landscaping and transportation. Since 1989, we’ve been helping Canadian small businesses acquire the equipment they need to succeed at great rates.
Get Started with an Instant Lease Estimate
Getting an instant equipment leasing estimate from Thomcat Leasing is quick and easy. Simply visit them online and fill out the lease estimate form. You’ll instantly receive a personalized quote with multiple terms and options available.
