Performance Capital Corp

 
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Make Sure You Choose the Right Leasing Partner!

Performance Capital believes that our relationship with our vendors and their customers is our most valuable asset.  Because of this belief, we were shocked to learn from some of our new vendors how their old leasing companies were treating their customers.  These leasing companies were nailing their customers with costly fees, unreasonable return provisions, biased end of term purchase options, and inflated fair market evaluations.  Our experience indicates that this approach to business is very short sighted, and does not encourage long term customer relationships and profitable repeat business for our vendors.

Your customers are your most important asset.  How you and your partners treat them will determine how long they remain doing business with you.  It is painful enough to lose a customer to your competition because of something you did, but it is downright torturous if the loss was due to the actions of your leasing partner. 

The following conclusions from recent studies support the importance of treating your customers with respect: 

  • 68% of customers surveyed stopped buying from companies because of the indifferent way they were treated. 
  • 10% - 30% of customers will be lost because of poor customer service.
  • It is 6-7 times more expensive to gain a new customer than to sell to a current one Unfortunately, too many leasing companies use a low price strategy to attract inexperienced equipment vendors.  
  • First, they offer below market lease rates to capture as much of the vendor's business as possible.  Then, in order to make a profit, they increase their yields to above market rates;?>by charging the vendor's customers additional fees throughout the term of the lease.  Many of these fees are systematically woven into the lessor's lease agreement and they are overlooked by the vendor and the lessee until it is too late to do anything about them.  Again, hammering the lessee with these additional fees is not conducive to building long term customer relationships and can be very costly for equipment vendors in terms of lost repeat business.

    Experienced equipment vendors know that they should consider more than just a leasing company's lease rates when selecting a leasing partner.  Low lease rates do not necessarily equate to high ethics, service, and satisfaction.In 2003, like the past twenty years, you and your customers will continue to be Performance Capital's number one priority.  We will continue to be a professional, responsive, and competitive provider of financing services.  Our agreements and business practices will remain fair and straightforward.  

    Performance Capital will not jeopardize your relationship with your customers by charging them hidden fees or inflated end of term fair market valuations.  Our goal is to ensure that your customers return to you time and time again.

     
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