This month's featured deal is from one of our present clients. He was wanting to sell his truck that he had on lease with us because he was leaving the delivery business. We provided the financing for the new buyer to purchase his truck. The new customer owns a trucking company that needed a truck for deliveries. We did this deal quickly to pay out the lease for the current owner, so they could relieve him of his payments on his old lease.
The customer had a fairly clean credit bureau so we were able to have very quick turnaround.
Once the customer signed the lease documents and provided us with the credit conditions required, the original funder was paid out in days, leaving us with two very satisfied clients. The condition on his approval was that a 10% advance payment was required up front, due to the age of the equipment, as well as a small processing fee.
- Client: Logistics
- Credit Score: 660
- Equipment Funded: Used 2000 GMC Truck Model T7500
- Equipment Cost: $22,500.00
- Additional Collateral Equipment: none
- Additional Collateral Value: n/a
- Security Deposit: 10% Advance payment due upfront
- Homeowner: Yes
- Monthly Payment: $885.00
- Amount Funded: $20,245.00
Lionhart Capital Ltd. is a proud member of the Canadian Finance and Leasing Association (CFLA) Canadian Finance and Leasing Association.
Call Lionhart Capital Ltd. today for a quote on your next lease purchase, or you can Send us an email.
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