Can you lease a piece of equipment you find on a website or at an auction such as Ritchie Brothers? What about equipment websites like Iron Planet?
This question often comes up. The answer is yes! However, here are a few thoughts to keep in mind. First you will have to complete a credit application and perhaps supply a financial statement. Then, you will need to ensure that the equipment you want to lease is free of all liens and encumbrances AND is priced fairly. This means your leasing agent will check your vendor’s pricing against other comparable models. Continue reading “But I found it on Kijiji!”