Archive for the ‘Leasing’ Category
July 31st, 2009
Due to a contracting economy, many lenders have excess inventories on their books that they need to put them back on the street. These in-house inventories are non income producing, therefore this puts pressure on the lender to make a deal with the consumer. These deals can be found in the price, the financing or a combination of both. An off lease commercial vehicle and/or construction equipment has been returned to the lender as the lease has expired. The lessee has made a decision to return the item in lieu of exercising the buyout option. A repo has arisen due to a default of the lessee for non payment terms or a violation of the terms of the lease. Either way, the lender has taken these trucks and/or equipment back and now must recondition the items and either sell these items or re-lease them. The lender will either advertise their inventory through their internal sales force or outside professionals such as brokers to move their inventories as quick as possible. Sometimes as these inventories either sit or whatever reason isn‘t moving, the lender may put these items up for auction.
Read the rest of this entry »
July 25th, 2009
You can find a number of companies offering car and van hire on a long-term (usually three years or over) basis. Prestige contract hire is available to individuals, Sole Traders, Partnerships and Ltd Companies. For businesses, it offers major incentives in terms of tax and administration costs.
Read the rest of this entry »
July 19th, 2009
If you are considering an auto lease, you may be able to get a better deal and more benefits if you take over a prior lease from an individual, instead of leasing a vehicle directly through a dealer. Because auto leases are for a relatively short period of time, it can be difficult to exit a lease early and return the vehicle. Many dealers will apply early termination fees, or insist on all of the remaining lease payments. Auto lease assumptions allow you to take over the rest of the lease term from the individual, including the monthly payments, so the lease contract is fulfilled and the person is not hit with additional fees.
Read the rest of this entry »
July 15th, 2009
Vendors who offer a properly structured equipment leasing program are giving the customer a viable financing option. In addition,they are taking a major step to increase sales, market share, and profits. Yet it's surprising how many companies will not provide a leasing program. Some say it's because their customers have their own sources. Others say their customers pay cash. This mindset can be costly in a variety of ways. The biggest problem is that it can drive the customer to the arms of your competition. Customers can view the vendor as a one-stop shop where they can both fulfill their orders and get the financing they need, rather than having to seek financing from a bank or other financial institution.
Read the rest of this entry »
July 15th, 2009
Many equipment vendors don't want to bother with financing. They figure that the customers who can afford equipment will buy and that those that can't won't.
Read the rest of this entry »
July 11th, 2009
Letting agents are the most common service used by rental home searchers as they can typically provide an array of properties each meeting the requirements of the tenant. In the UK a number of bodies exist such as ARLA (Association of Residential Letting Agents) and NALS (National Approved Letting Scheme).
Read the rest of this entry »
July 11th, 2009
Are you looking for a suitable apartment to rent? When renting an apartment, it is very important for you to know every single detail in the contract that you are going to sign. This is because when you sign a lease, you are signing a legal document and will be bound to the terms and conditions stated within it. So to prevent yourself from getting into any unnecessary legal trouble, you must fully understand the terms and requirements stated out in the contract.
Read the rest of this entry »
July 1st, 2009
Contract Hire is a method of renting a vehicle for personal or business purposes. It differs from standard vehicle hire in that the vehicle is leased over a longer period. Contract Hire is offered on 12 to 48 month contracts but typically lasts 3 years.
Read the rest of this entry »
July 1st, 2009
Contract hire is in short an extended version of car hire that is designed to make hiring a car cheaper over a longer period of time. Most contract hire deals are arranged over a period of two years or more and there is a considerable contract hire and car leasing industry in the UK.
Read the rest of this entry »
June 26th, 2009
You have decided not to renew a particular tenant's lease for any number of reasons (late rent, noise complaints). Immediately after notifying them that they must be out by the 31st, they stop returning your calls and are very cold when you do see them.
Read the rest of this entry »