BLM GROUP Financial Services

Affordable, flexible, simple.

What to ask for:
Ask about a rent to own solution when you rent the machine until your budget opens up.

Considerations:
A rental payment will tipically be higher than a normal financing payment.

What to ask for:
Ask for the longest term possible.

Considerations:
While extending the term lowers the payment, it also raises the total cost of the financing.

What to ask for:
Ask for the shortest term needed and consider a down payment.

Considerations:
Shortening the term lowers the financing cost, but will also raise the monthly payment.

What to ask for:
Ask for low/no up-front cost options.

Considerations:
Putting money down lowers your monthly payment and total costs of financing.

What to ask for:
A period of no/low payments may be available.
A ramp up program may be available where you gradually work your way into a full monthly payment.

Considerations:
Low payments are helpful to your cash flow, but you do not build equity in the machine as quickly as with a straight financing.

What to ask for:
Lower payments during slower months.

What to ask for:
Ask for a lease with a return option. These lease types often have lower monthly payments vs. loans.

Considerations:
Return option leases allow you the flexibility to return and upgrade the equipment at lease end.
To return, you will have to abide by the terms of the lease regarding # hours of usage and return condition.