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New Tec offers a variety of financing solutions to meet your business needs. Once the correct specifications of your equipment have been determined, the next step will be exploring the best financing options that best fit your business plan. Most equipment, if not purchased outright, is financed with some type of financial agreement such as an existing line of credit. However, as an alternative, outside financing can be a better option. With the utilization of outside financing options, you can preserve credit lines for other targeted capital expenditures as you grow your business.
Consider how long the financing arrangement is structured to last.
Understand the total costs associated with each type of financial method to ensure you make the best decision for your situation. Such costs could include interest rates, buy-out fees, usage fees, repair and maintenance fees, documentation fees, etc.
Recognize what you feel is the best level of risk that you are willing to take on with the highest return.
This is a great option for those who want immediate ownership of the equipment with the flexibility to pay for the equipment over an extended period of time.
Needing equipment but not wanting the responsibility of ownership of the equipment? Our operating lease is an ideal route to go.