I have a bar customer that I have provided service for a number of years. A system pretty much stays there a is used 6 days a week from DJs to bands. Most of the time we are there running system. Now owner wants to either buy system or lease from me, due to he feels it is costing to much now and would be cheaper to own. Right now his cost ranges on average of $225 a day with us running system. Never considered leasing and I do not want to sell my system. He current is using my A system (srx). Looking for opinions on leasing from one's that do this as part of their business. Thanks
There are many companies that handle leasing for you. you sell the gear to the leasing company and they take payments from the customer (usually as a lease to own type thing)
if you've never leased before I'd highly recommend this option for several reasons:
1) you get paid. upfront. guaranteed.
2) if the customer misses a payment or whatever YOU don't have to be the bad guy and can still have a good relationship when he needs more gear
3) the leasing company does the credit checks etc for you (if they won't take on the lease, you shouldn't either)
4) if the place goes under and the leasing company repossesses the gear you'll probably be the one to get the call offering to sell it back to you (at a fraction of the cost)
5) if the place goes under and the owner disappears into the night with the gear, refer to #1 and breathe a sigh of relief that you didn't finance it.
the extra income from financing it yourself can be tempting, but it's only worth it if you have enough leased gear out there to be able to absorb a loss every now and then. if you only handle one lease and it goes bad, you're going to feel it.
Jason
