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    triumphe leasing network
    900 west valley rd
    suite 501
    wayne, pa 19087

    800.863.4822
    888.848.4822 fax

    info@hvacfinance.com

Frequently Asked Questions

What are the main benefits of leasing?
Leasing frees up cash. You lay out less cash up front, so you have more capital for other high return opportunities. Often the savings from the leased equipment pays the monthly payment! You don't have to deplete bank credit lines for inappropriate reasons. Bank credit lines are short term financing resources that should be used for investing in inventory or accounts receivable and to support seasonal cash flow requirements. It just doesnt make sense to tie up precious cash in long term fixed assets. You save time because you get a quick, hassle-free credit approval. You save money with the preferential tax treatment given to leased equipment. These all add up to increased cash flow for your business.

How much does leasing cost?
The real question is "What do I get for my money?" Price and value are two different things entirely. The value of leasing comes through time savings, tax advantages and greater use of incremental capital that enables most businesses to grow faster and be more profitable when compared to an outright purchase or bank financing. It's important to look at the total picture when evaluating leasing. The lowest initial price is often not the best value.

Are the costs of leasing easy to understand?
Absolutely! Every lease shows the fixed monthly rental payments. It not only includes the cost of money, but also the cost of credit and administration. There are no hidden extras. Everything is out front, clearly understood.

Isn't it cheaper to borrow from a bank?
It might look cheaper at first glance, but if you add up leasing's tax advantages, the time consumed by dealing with banks, hidden fees, and restrictions on your future ability to borrow from the bank, leasing turns out to be less expensive almost every time. Also, keep in mind that with Triumphe, the collateral is the equipment being leased. Banks seldom view the equipment as the only necessary collateral for the desired credit.

What is needed to get credit approval?
Here's where Triumphe leaps over the competition. If you've been in business under current management for at least three years, you can obtain up to $50,000 in equipment financing just by completing a one page leasing application! Larger transactions require financial statements, but the process is invariably quick and easy.

What size trasnactions will Triumphe finance?
Anything from $3000 to $500,000 and up.

How long does it typically take to happen?
Typically, 24-48 hours. However, you can often get same-day credit approval. And lease documents will be on your desk the day after credit is approved!

For how long can I lease equipment, and what happens at the end?
Normal lease terms are for 24 to 60 months. Before you agree to a payment schedule, you select from a variety of end-of-lease term options based upon the nature of the equipment and your needs. The usual choices are a fair market value option, predetermined purchase option, or a $1.00 purchase option.