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9 replies

DLL to raise rates

AP Art Post (Guest)
In a letter dated 10/1/08. DLL is anticipating a significant rate increase to take effect 11/1/2008.

Which leads me to this: With the current economic condition do you think manufacturers will start to finance thier own boxes in order to get them in the field?

Heck, if credit continues to dry up, what is the other choice? I think the number is 85% (number from 2003) of all office equipment is leased in the US.

The factories can't stay in business if the credit is not there. Could we actually see manufacturers leasing the equipment at Zero percent in order to keep the factories producing? Or would the factories subsidize and entice the leasing companies to extend credit in order to keep sales going?

Alot of questions that may or may not be answered. At some point in time the madness needs to stop!
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AP Art Post (Guest)
I would have to say that we have not seen any difference yet. However a mortagage broker who has paid every payment on time asked for a buyout from Marlin Leasing. Marling forwarded the buyout to us and then informed us that they would not take this business at all.

Personally I have stayed away from Title, and Mortgage business for the last eight months.

I'll keep you posted! Matter of fact that would be a great question for a new poll, will put this up tonight for you.

Art
AP Art Post (Guest)
With that rate, I guess they are trying to say we do not want your business. Especially since you can find (as of right now), $1.00 out rates for .0221.

Guess we'll all have to find alternative sources for our business. Is it just a matter of time before manufacturers get back into financing thier own equipment???
Last edited {1}
Larry LevineLarry LevineMaven
In speaking with a GE Rep today they are raising rates this high because they are limited on cash. They are hoping these rates will direct people to other sources. We have received permission to obtain upgrade to return quotes for leases and flip them to other lease companies and send the eqiuipment back to GE. Strong hunch GE sells off the leasing division soon.

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