10 Questions You Should Be Asking Your Lessor (Even If You're Happy)
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Transcript of 10 Questions You Should Be Asking Your Lessor (Even If You're Happy)
10 Questions You Should
Be Asking Your Lessor (Even If You're Happy)
Question 1
“How long does it typically take to receive a price
quote, send out a PO and receive lease documents?”
A quick response time is essential to getting equipment in on time in order
to meet the business demands for a project.
If unbiased advice on equipment selection is important to you, ask,
“Is your organization independent of any equipment manufacturer?”
Question 2
Question 3Do you have a single point of contact
from equipment origination to disposition?
Look for a company with a dedicated rep
who is going to consult with you- not just take
your order and drop you into a lease.
How quick is your lessor to pay an equipment vendor?
Question 4
You don’t need the extra hassle of being the middle man between your vendor
and the leasing company, nor do you want things to go sour
with the company bringing in your new equipment. Having them paid on time is critical.
Is your lease pricing competitive
regardless of transaction size?
Question 5
Pricing should be based on the specificasset type’s residual value whether it is
for a $10,000 equipment need or $1,000,000
or
How flexible is your lessor
in negotiating the terms and
conditions of your
Master Lease Agreement?
Make sure these match up
to your business
needs and objectives.
Question 6
Question 7To ensure additional flexibility,
ask if your company is allowed
to upgrade technology anytime during
the lease or at lease expiration
on a less-than-all basis.
SSD
How familiar is your
lessor with the
equipment you use?
YYour lessor should have a stake in the
items your business needs in order to obtain a strong
residual investment position.
Question 8
Can you currently track assets on lease?
Look for a lessor with
a no-charge asset tracking
package with the transparency
and the ability to review, manage, and track your
leasing portfolio of assets at any time.
Question 9
*LEARN MORE
ABOUT MCAP @
MERIDIANLEASING.COM/MCAP
If you are a global organization, can your lessor
support in-country leasing or
lease assets located in other countries?
Question 10
LEARN MORE AT MERIDIANLEASING.COM
One source for all your finance, equipment and technology needs.Meridian Enables Ultimate Business Flexibility
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