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11-15-2018, 11:59 PM #1
- Join Date
- Dec 2017
- Posts
- 277
Equipment Financing
This is my first equipment financing deal.
Received a proposition letter for:
Transaction cost: $97,000.
Lease Structure: Lease.
Term: 60 months.
Monthly Payment: $1,962.17.
My account manager states that this is such a good deal (we matched a previous offer) that neither of us will make money. I don't see how I facilitate $97,000 and I don't make money on the deal.
The finance company wants a good faith deposit of $1,962.17 (1st month's payment) to move forward. Is this the norm?
Your input is greatly appreciated.
Thank you in advance,
Mike
msla*****er@sla*****er.com
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