IFS understands the used equipment industry, and knows that most used equipment must be paid for before removal. Unlike the local bank and many of our competitors, IFS has the ability to fund the transaction 100% prior to shipment! IFS can handle used equipment financing, as well as used equipment leasing. Used equipment financing is just another one of our specialties!
Used equipment financing and used equipment leasing involves overcoming several obstacles that many banks and leasing companies simply cannot overcome, or succeed only after lengthy friction and delays.
1. 100% of equipment payment must be paid prior to shipment. (while the equipment is still located on the seller's floor)
2. All liens that may be on the seller's (previous owner) books need to be cleared.
3. Transit Insurance coverage must be obtained.
4. International transactions require Letters of Credit and Bills of Lading.
5. Property taxes need to be settled and cleared up.
Funding prior to shipment involves additional risks and research to discover any hidden liens attached to the machine by the sellers lenders, and IFS has the skills and the experience to handle these issues quickly and properly.
We understand the issues. We are proficient and prompt. We specialize in getting used deals done!