Vendor Assistance

Dominion Lending Centres leasing professionals will handle all aspects of the leasing process. We will provide your company with preferred pricing and payment terms to offer your customers. We take care of all the credit investigations, approvals, and all necessary paperwork which allows you to concentrate on sales.

Teaming with Dominion Lending Centres leasing professionals will give you an additional competitive edge. We can be your "single solution" for all of your customers; whether commercial, municipal, federal, Canadian or American... we've got you covered! We offer dozens of equipment lease and financing programs tailored to your customer's specific needs, while helping you increase sales with tax-friendly lease financing.

Vendor Programs

In an effort to stimulate its sales, a retail equipment vendor can align itself with a Dominion Lending Centres leasing professional and provide what is known as vendor finance or vendor leasing. To do this, the vendor must team with a Dominion Lending Centres leasing professional so they can offer low monthly payment options to their customers. Essentially the Dominion Lending Centres leasing professional becomes the vendor's "in-house" finance company.

Vendor Finance allows equipment vendors to offer customers another financing option besides cash-on-delivery or 30-day terms. On high-ticket items, this can be a major benefit since it may not be possible for some customers to meet such immediate payment terms. By extending the financing option through a Dominion Lending Centres leasing professional, the vendor provides a choice that allows customers to better maintain their own cash flow.

Vendor finance is also known as vendor leasing and helps build vendor-customer relationships while improving vendor sales volume. Customers can view the vendor as a one-stop shop where they can fulfill their orders and get financing, rather than having to seek financing beforehand from a bank or other lending institution.

The vendor provides a low monthly lease payment option along with their equipment quote. When their customer decides to purchase and they choose the leasing option, the vendor then supplies the customer with a lease application. The customer completes and faxes the signed application to a Dominion Lending Centres leasing professional, which performs a quick credit check. If approved, the Dominion Lending Centres leasing professional will then prepare a lease document package for the customer to sign with complete instructions. After receiving the signed lease agreements from the customer, the Dominion Lending Centres leasing professional issues a Release or Purchase Order (depending on vendor requirements) to the vendor. The equipment vendor then delivers or ships the equipment to the customer. After the customer receives and accepts the equipment, the Dominion Lending Centres leasing professional pays the vendor for the total amount of the equipment plus applicable tax within a short period of time (usually 2 to 5 days).

A Vendor Leasing Program can give your business a competitive edge over competitors who are unable to offer anything similar to their customers. By using the financing option, customers can also opt for the top-of-the-line items, which they could not otherwise afford with COD or 30-day payment terms. In addition, you have the funds to build your inventory and offer a wider selection.

Dominion Lending Centres leasing professionals provide fast and affordable equipment lease financing to businesses and government agencies across Canada and the United States. Through our equipment leasing division, we have become the "finance department" for many small to mid-sized equipment sellers.

Leasing Benefits for Vendors

Leasing Closes More Sales: One of the greatest benefits leasing provides is the speed and efficiency with which a sale can be closed. Payments can start immediately - in attractive and affordable terms. Lease documents can be emailed, faxed or couriered to your customer very quickly. You keep control of the sale and get the customer to commit.

Leasing Generates Larger Sales: You increase the customer's purchasing power by offering leasing. Since the incremental monthly lease cost of a larger unit or additional features is so small, your customer is more inclined to increase the size of their purchase, and your profits.

Leasing Overcomes Budget Problems: By characterizing leasing as an operating cost, your customer is able to circumvent a capital budgeting problem and avoid lengthy appropriation; thus ending the process that would delay your sale.

Leasing Overcomes Cost Objections: By quoting lease figures, you present the cost of your equipment in the least expensive terms. You can change a possible negative price image into an easily budgeted item. Your customer will see that the time and cost savings generated by the new equipment will far exceed the low monthly lease payment.

Leasing Builds Repeat Business: You will find that leasing builds customer loyalty and leads to more frequent add-ons, trade-ups, and new equipment acquisitions than an outright purchase. DLC Leasing's equipment leasing program allows you to offer solutions to your customer's equipment needs allowing them to keep up with changing technology.

Leasing Makes It Convenient: By offering leasing, you make it easy and convenient for your customers to acquire your equipment. No need to delay your sales while other financing is sought by your customer. You control the sale. Your customer wants, needs and expects a single source to fill their needs. Do not underestimate the convenience and value of this additional service to you and your customer.