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Subject:
Leasing Business
Category: Business and Money > Finance Asked by: trayduh-ga List Price: $20.00 |
Posted:
31 May 2005 17:47 PDT
Expires: 30 Jun 2005 17:47 PDT Question ID: 527933 |
I would like to start a leasing company. I would like to provide leases for a new company who will be franchising a vending machine. Typically a franchisee will buy 10-20 machines at about $1500 - $1800 each. What is involved from a legal standpoint? How do I secure my investment? How much can I charge and what is the formula? What are the risks? What are the rewards and benefits of this venture? Can I require that the lease payments are automatically debited from a bank account or credit card each month so I don't have to deal with billing and receivable issues? Who owns the equipment at the end of the lease? Is there a buyout? Any information on starting a leasing business will be appreciated and depending on depth of information, tipped accordingly. |
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