Online Application
Finance Programs
Frequently Asked Questions
Equipment Financed
Leasing Benefits
Carpet Cleaning Plans
Testimonials
Contact Us

877-871-8500

Case StudiesCASE STUDIES

  • What's this going to cost me?
  • How important is saving $10 a month?
  • What if I have poor credit?

 

CASE STUDY #1:
What's this going to cost me?

What's the bottom line? You may not be very experienced with leasing and worried about the costs. You are very aware of credit card rates and mortgage rates, but how should you look at the lease payment?

What you may need is a new way of looking at the question. Bear with us for a minute:

  • What's the value of your average cleaning ticket?

  • How many jobs do you complete each month?

  • How many more jobs could you complete if you had better, newer equipment?

If you are using a portable unit, you probably can complete 30% more jobs with a new truckmounted system; let's say you do one more job per day. If your average job runs around $200, and you worked 20 days per month, the new equipment would increase your income by around $4,000 every month. If your new lease payment is $275 to $350 then you're getting better than a 10 to 1 return! , The longer you wait, the more you miss!

If you are using an older truckmount system and repairs and downtime are adding up, it may be time for a change. If you do 2-3 jobs per day and your average job ticket is $200 then you are bringing in $400 to $600 per day. With a lease payment of $275 to $350, you are able to make the new payment working one day out of every month!

CASE STUDY #2:
How important is saving $10 a month?

We all want to get a good deal. At Hathaway, we work hard to give you competitive financing, but it's human nature to wonder if there is an even better deal out there. How important is saving $10 a month? It is very valuable- $10 per month on a five year lease is $600!

Be careful, however, that you don't lose track of the big picture.

  • If the new equipment can permit you to complete one more job a day, at $200 per job, that's $48,000 in additional billings per year! The most important thing is to get the equipment in and working ASAP!

  • If you do 3 jobs a day at $200 per job then you bring in $600 a day. It makes sense that even one day's delay in installing the equipment can eat up five years savings at $10 per month.

CASE STUDY #3:
What if I have poor credit?

Help us to help you! It's not unusual to have credit problems. If you have had some bumps along the way, help us get you approved.

  • Is there a logical explanation for your credit difficulties? We work with many lenders who are willing to listen if we take the time to explain. If something happened in the past, but you have cleaned up your act since then, it can make a difference.

  • Can you put a little extra money down? Coming up with some cash to put into the equipment up-front can sometimes convince a lender to take a chance on you.

  • Can we look at a little shorter term? The monthly payments go up somewhat but it's another factor that may help convince a lender; and remember, one day's income a month makes the equipment payments.

  • Do you plan to put the equipment in a vehicle that's free and clear? If so, can we hold the title during the term of the lease? This gives the lender additional security and can tip the scales in your favor.

  • Will someone co-sign the lease with you? In some states, having a friend or relative with good credit as a co-signer will be a positive factor in your favor.

  • Recently re-married? A messy divorce can many times leave your credit a shambles. If your new spouse has clean credit, this person co-signing can be effective in securing credit for you.

Toll Free: 877-871-8500
Toll Free Fax: 877-871-5900
11015 47th Ave W
Mukilteo, WA 98275

Home | Application | Finance Programs | FAQs | Leasing Benefits
Testimonials | Carpet Cleaning Plans | Contact Us | Privacy
© Copyright 2007, Hathaway Capital, Inc. All rights reserved.