How Lease-to-Own Financing Can Boost Your Bottom Line
It’s a common scenario for many tire dealers: a customer is shopping for a new set of tires but doesn’t have all the funds on hand to pay for the purchase upfront. You may try to resolve this by offering your own in-store credit option. But by going this route exclusively, you could miss out
The Great Property Debate: Buying vs. Leasing
When Scott Rhodes’ father opened the family’s first tire store in 1963, he bought the real estate. Little did he know that the single purchase would eventually grow into a 59-location chain – 55 properties of which the family would also own rather than lease. With facility sizes between 4,000 and 10,000 square feet, that’s
The Art of Purchasing: The Benefits of Financing
Even if a business chooses to purchase equipment, rarely do they purchase it with cash. In fact, whether leasing or buying, “seven out of 10 companies use some sort of financing when acquiring equipment,” says William Sutton, president and CEO of the Equipment Leasing and Finance Association. According to Sutton there are several benefits to
The Art of Purchasing: Buying vs. Leasing Equipment
Equipment costs are unavoidable. Whether it’s the front of a shop, back office or in the bay, tire dealers need a variety of tools to keep their dealership running. The debate for many tire dealers is if they should buy or lease this equipment. So when it comes time to make equipment acquisition decisions it’s important