Don't think tractor parts are high on the list on what have got folks bottom line bleeding like a stuck pig.
Are you sure about that? Cause I've heard a few deals where guys have traded in equity on equipment to do a lease which if they can't pay.. the whole tractor/combine goes back.. equity and all..
That's why I won't do them.. but some dealerships apparently have built their business model around doing these to the younger operations.. and UGLY.. they sound truly UGLY when they go bad.
Paid for equipment as a down payment.. "attractive as needed" lease payments with a buyout to the moon.. or heck just do another lease..
Basically a Reverse mortgage on a house is how it looks to me.. only on equipment. Sometime in the future.. you can't do it anymore.. like.. now? |