EQUIPMENT LOAN & LEASING PROGRAMS
At XCMG we offer a wide variety of custom finance solutions to meet the needs of your company.
- Capital & Operating Leases
- Equipment Finance Agreements
- $1 Buy Out Leases
- Fair Market Value Leases
- Inventory Finance & Floor Plan Lines of Credit
- Fleet Rental Financing
We offer many custom tailored financing solutions:
- 100% Financing Available
We can finance 100% of the equipment cost plus the costs of sales tax, freight & shipping, attachments, software & extended warranties in one loan or lease agreement.
- Flexible Payment Options
- No down payment available
- Terms up to 84 months
- Step Up, Step Down, Seasonal & Skip Payments
- Quick Turnaround
We can process applications up to $250,000 with just a simple credit application and have approval and lease documents in as little as 24 hours.
- Pre-Approved Equipment Lines of Credit
We can set up a line of credit for equipment purchases, easing equipment acquisition & increasing funding time on future purchases.
BENEFITS OF FINANCING
- Conservation of Capital & Improved Cash Flow
Equipment financing doesn’t require a cash expenditure thereby allowing your business to conserve working capital, match payments to revenue and keep bank lines of credit open and available.
- Purchasing Power
Financing allows your business to purchase more equipment by using leverage.
- Convenience and Speed
An equipment loan or lease can be processed much faster than traditional financing, may times in as little as 24 hours.
- Tax Advantages
Leases can be structured as “on” or “off” balance sheet depending on your businesses needs and in many cases, financing equipment allows you to qualify for Section 179 deductions.
- Cash Forecasting
Having predetermined lease payments allows your business to accurately prepare budgets and forecasts.
- Customized Solutions
Customized financing solutions allows your business to align your objectives with a wide variety of flexible payment options.
At XCMG we understand inventory financing is a critical component to dealer’s sales, success and profitability. We work to customize solutions for your dealership that support your business, improve cash flow, conserve capital and help reduce business expenses
We offer your business many options for inventory finance.
- Loans and Leases
Customized loan and lease options are available for dealers looking to finance inventory purchases. Flexible terms and end of term options.
- Floor Plan Lines of Credit
Floor Plans are a type of inventory finance that allows a dealer to purchase inventory and pay for the piece of equipment when it is sold. Dealers pay interest only for a certain period of time. When that time has run out, dealers pay both principal and interest, known as the “curtailment” period. When the equipment is sold the payment is applied to the line of credit and the funds are typically available again for future inventory purchases.
- Fleet Rental Financing
Fleet rental financing allows a dealer to purchase equipment to be placed into their rental fleet for the term of the lease or loan.
HOW LEASING TO YOUR CUSTOMERS BENEFITS YOUR BUSINESS:
Sell More Equipment
- Offer lower payments and make equipment acquisition easier for your customers
- Enable your customers to order additional equipment that they may not have purchased due to cash constrictions
- Increase transaction size profit margin by selling monthly payment amount
Sell More Often
- Make it easier for your customers to acquire new equipment, upgrade current equipment or add-on existing equipment as their needs change
- Develop follow up selling opportunities and build repeat business
Sell to More Customers
- Close sales faster by offering leasing options and spend more time in front of potential prospects
- Control the sale by offering “one stop shopping” by combining equipment, software, services and financing all in one multi-document package
- Increase customer loyalty by being a single, convenient source for quality products and flexible, affordable financing
Improve Your Cash Flow
- Reduce your “days sales outstanding” from new-30 sales and eliminate fees paid to credit card companies
- Get paid fast with rapid funding
HOW LEASING BENEFITS YOUR CUSTOMERS:
- Obtain the latest technology today
- Protection against technology advancements
- Predictable, low monthly payments
- Lower upfront costs
- Flexible pay structures and end of term options
- Ability to bundle costs for installation, services and taxes
- Increases cash flow with lower payments and preserves capital