AXIS Capital Group, Inc., Nebraska: Lies Heavy Equipment Finance Companies Tell You

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You will realize this is marketed all over the internet. Various leasing companies quote heavy equipment financing rates at 4.9% or 6%, however those rates are almost always a fraud.

The reality is you can get rates like that if you finance via dealer, who is going to make sufficient money selling you the equipment to work the cost of under market rate financing into the price of the machinery - nonetheless only if you've got flawless credit, great revenues and time in business.

Equipment financing is not low-priced, since default rates are expensive. The only approach a lender can be in business is to bid rates that are great enough that not one person who advertises their rates would ever get their websites clicked on. For "reasonable" risks rates go from 8 to 20 percent or so, for dangerous situations the rates are greater than that.