Signature Service Equipment Lease Made Easy

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Thanks for tuning the Grow By Joe. In this video, I'm going to talk about how does equipment leasing work. And everything you'll need in order to finance a piece of equipment equipment. Leasing is a great financing product and a great tool that you can use to finance you know just about any piece of equipment. It's definitely something that's worth looking into because it can really help with the cash flow and not have to pull a bunch of money out of your business in order to purchase whatever that new piece of equipment is. A lot of business owners think that this process is really difficult to find submit. Really isn't. What is difficult there's a lot of old-school lenders out there that offer equipment financing but really just outdated with their processes. So, over the years we've been able to simplify that plot process. And we've been able to help business owners all across the country finance and lease equipment and we've made the process really simple and easy. And I'll talk about that later on how I can help you finance equipment. But really, the way that it works is it's really simple. Most equipment financing leasing lenders all across the US will allow you to purchase your equipment from really any vendor that's out there. As long as they're a legitimate and established vendor. What the lender does is they actually purchase that piece of equipment right from that vendor. And then they lease it back to you. If you default that piece of equipment is held as collateral. So, the lender can take back that piece of equipment. What's important when you're going to finance equipment is, is it a dollar buyout or is it a fair market value equipment lease? Those 2 things are really important. So really what this means is at the end of the lease and the end of all your payments, there will be a dollar buyout. You literally pay one dollar and own that piece of equipment. Or it's a fair market value lease and at the end of that lease, you have to pay whatever that fair market value is to own outright that piece of equipment. Usually, the best type of lease is going with the dollar buyout. It's really simple. It's easy to understand and I would stick to going with a dollar buy out type of lease. So, as I mentioned earlier, an equipment leases are a really great way to manage your cash flow. And what I mean by that is instead of having lay out a ton of money to purchase that piece of equipment, you can keep it in your business, finance that piece of equipment. Another great thing about using equipment financing and Leasing is that the lien is against that piece of equipment. It's not against your business. So, by financing a piece of equipment, you're not tying up other things in your business which is great. Most...