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| Considering investing in software or equipment? We can help you do that while preserving existing cash and credit. | |
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Why choose KMC? |
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Questions about proposals |
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Is leasing right for you? |
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Choosing a leasing partner |
| No matter if leasing is a new concept to you, or something that you are very familiar with, here are some resources for you to use. | |
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Lease vs. Buy |
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Sample Proposal Page |
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Leasing 101 & 201 |
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Payment Estimator |
For most of our customers, financing means a substantial investment relative to daily expenses. We suggest you call at least 3 companies before you decide on a finance partner.
Following are questions you can ask that help cover the basics, while you assess compatibility. Then, trust your gut.
Questions About Their Service to You
I'm calling to find out about financing a $27,000 widget - does your company help with that? Assuming they do ... read on.
Can you tell me what payment options are available - or ... how much are payments for 36 and 60 months? - KMC shows you estimates on this website - it is reasonable to be told that your credit will need to be seen - but we can usually give a solid estimate after asking a few questions about your credit and time in business.
If we decide on this option, how do we get started? - At KMC we'll send our one-page application form (it's usually all we need for approval) - for most we'll have an approval that day or the next day.
What happens after we get the approval? We get the invoice from your chosen vendor, prepare documents (sent with return UPS envelope if we can't get together for signing).
When does the vendor get paid? Generally after delivery to you - and after a phone call for a final review of the terms, and confirmation that you've received the equipment.
How do we know how the deal is progressing? All of our customers tell us that this is a major KMC strength - we'll communicate to match your needs - for most customers, we update as soon as we have news.
General Questions to Ask About Their Business
How long have you been in the business? We think 3+ years should do it, but newcomers may deserve a chance.
How many lenders do you represent? We think 4-7 is a good range to help place 95% of deals based on credit worthiness - many say "30 different lenders", but if that's true they probably don't know any of them very well - it may just be an attempt to impress you.
Do you arrange financing for this product? Common items should not be a problem (but our experience with software and environmental equipment for instance, is a big help).
Where is your office / What territory do you cover? (Not critical, but some have stronger regional lenders).
What is their average transaction size? (Not critical either - ours is about $27k, with most deals between $5-100k).
