Benefits of Leasing Equipment for Suppliers
Stand out from all your competitors and consider offer a leasing options for the equipment your business may supply. Understand the benefits of leasing equipment and how it can have a positive impact on you winning more business.
1. Great for your cash flow
We normally pay our suppliers within 24 to 48 hours of the equipment delivery when there is an equipment lease in place. Much better than waiting 30 days to get paid.
2. Reduces bad debt risk
We will credit clear your customer and take the bad debt risk that will always be there if they have not paid your invoice.
3. Earn commission from the equipment leasing company
Leasing companies like ours, can add in a margin for the supplier as a thank you for the business. In the car leasing sector, sometimes the car supplier will make more profit on the lease than they will on the “metal”.
4. Great for customer retention
Customers are much more likely to come back to you if you have arranged the lease agreement as well as sold them the equipment.
5. Keeps competitors away
If you are advertising a product for £330.00+VAT per month and your competitor is advertising the same equipment at £10,000.00+VAT, there is a much higher chance they will take an interest in your quote.
6. The benefits of increased profit and sales order value
£10,000.00 capital cost is £330.00 per month over three years, £12,000.00 is £396.00. That’s only £2.20 per day difference. The equipment leasing supplier will make another £2,000.00 of sales upfront.
7. Takes away budget constraints
This is a key reason why suppliers who offer equipment leasing will make more sales. A customer may not have £10,000.00 upfront, but they might well have the ability to pay £330.00 per month
8. Better control
When we are engaged with a customer who is looking at equipment leasing, we will speak to the supplier about what is going on. This positive feedback will only enhance the sales process and will keep you in control of the most important thing – getting paid quickly.
Get In Touch
If you are a supplier enticed by the benefits of leasing equipment, and want to partner up with WestWon give us a call on 01494 611 456 or enquire online now! We look forward to hearing from you soon.