You should also consider the Material Handling group at CitiCapital. Greater Bay has recently been sold to Wells Fargo Bank. There is a strong likelihood that their lift truck portfolio will be sold. While it's true that you can earn Omaha steaks, I'd rather have CASH myself. Greater Bay's document fee is $100 vs. CitiCapital's $50.00. If your customer is okay with the $100 doc fee, why don't you take the other $50 as additional income by using CitiCapital? Also, Greater Bay has very stringent end of lease notification requirements. If you customer misses the window, they can get whacked with up to four additional payments. That's how they pay for those steaks! Over time, I have found CitiCapital to have the most consistent and realistic residuals. You need to have this kind of advantage to win the bulk of the sales today.
Try using Greater Bay Capital - simple documentation, customers can understand the contract easily (1 page), you normal get a live person when you call w/question, rates are very competitive, funding normal within 24 hours (normal business hours), plus they get the insurance information from the customer. And if you sell enough you get coupons for Omaha Steaks.
CitiCapital is our first choice. They are the longterm player. While they make mistakes from time to time (we all do) they always make it right.
We work on both sides of the fence. If you are a dealer; we work well in the forklift market. If you are an end user, we can work with you as well. Just let us know who you are dealing with. We are in many vertical markets, BUT the forklift/lift truck market has seem to develop itself over the last 6 months.
John Petit
312 214 5200
Thank you so much. This has made the task a lot easier. Any idea how I can get the Uk figures
Some stats showing top manufacturers are on our website - Click on "Business Directory" then scroll down the page - in small type you will see "World ranking of forklift manufacturers / dhf-magazine".
I must admit having a vested interest but im prepared to swap that for help with my MBA studies. I am an MD of a broker ( First Independent Finance ). The key people in this industry are Albury , Capital , Barclays , GE have a recent interest , and there are others who will support if the deal is right or if its for a hire fleet such as ING , Lombard , Lloyds
What the best company , depends on your priorities , speed , rate , IT , personal help in putting a deal together. If anyone needs help Id gladly help phone on 01560482911. Now I need some help for an MBA assignment Im doing. where can I get recent industry statistics quickly , BITA have them but cant help as Im not a member
Mobilease has a low rate for new customers. I have checked and it is lower than anyone I have seen. 7.9%
I would suggest trying CitiCapital. Their new online Business Center and revised credit parameters are pretty good.
I am just looking for a good cross section of what companies are utilized for leasing capital equipment including forklifts.
Good Deals
Bad deals that have become better
Thanks!
I wouldn't go with DLL. I hear they are taking days to fund deals. A lot of dealers are really getting concerned. Mobilease is very narrow in their scope as is RCA.
Also try Mobilease. Good company and the service is top notch.
DLL and RCA are leasing companies that I highly recommend.
Need some additional info. Your question is a little confusing to me...sorry...
Please help me out on how to make a business plan to create a forklift rental subsection in the company. What are the things I should secure and look for to materialize this company's business expansion?