Introduction

This book will address how companies that sell equipment and other products can set up their own innovative leasing and financing operation to increase product sales and add a solid new business profit center. Historically, developing an in-house product vendor financing activity was a major and costly undertaking, but, today, doing so can be readily and cost-effectively done by a product vendor of virtually any size using market available, state-of-the-art software and outsourced services. It is a known fact that product seller customers prefer financing offered by product sellers, believing it will not only be the most favorable financing arrangement available, but will also involve less financing red tape. A belief often true. ...

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