havending Posted September 11, 2013 Share Posted September 11, 2013 I know that there have been a couple members here that had bad luck with coast to coast products. I run Toy Taxi machines and have had very good results with the performance. Well to fast forward a bit I do very well with chickens and have a some locations that really kill it. A few of these locations have asked for more machines like the chicken but other theme EBVs work and locations know it. Well I figured I would order the coat to coast monkey to try it out and if it was a good unit I would order more. I almost always pay for machines out right most bulk units wont produce the cash flow to finance. But EBVs do. A friend of mine who is a CPA told me that when I finance machines I should have them structured as a lease because of the tax breaks. Well I went to the coast to coast web site clicked on the chicken then clicked on their finance option. They offer finance through Lease Station. I fill out the app and after faxing the items that they requested business license, ID, banking info really just basic info normally required I was approved. Lease Station uses a follow up email and a couple phone call to complete the sale the process took a couple weeks total. The last call from them was yesterday it was the verify call to make sure I agreed to the terms. At the end of the call I was told everything looked good and they would contact coast to coast to ship the machines. So then I get an email from Lease Station last night to inform me that they NO LONGER finance route machines. The agent knew it was for a route because he asked several times is I had a location ready for the machine. So I wasted two weeks on this and have useless credit inquires ran. Stay far away from Lease Station and in fact I refuse to buy a monkey now. Coast to Coast Should have done their job to insure that Lease Station was a good fit for them and their customers. I would have to suspect that nearly everything that the sell is for a route so the may want to pick a new finance partner. Link to comment Share on other sites More sharing options...
musser Posted September 11, 2013 Share Posted September 11, 2013 Try ACG or Firestone, lease is the only way to go Link to comment Share on other sites More sharing options...
sherlock Posted September 11, 2013 Share Posted September 11, 2013 Holy Cow! What a waste of time that turned out to be. Halfway through the post I was still thinking there would be a happy ending...oh well... Link to comment Share on other sites More sharing options...
havending Posted September 11, 2013 Author Share Posted September 11, 2013 Holy Cow! What a waste of time that turned out to be. Halfway through the post I was still thinking there would be a happy ending...oh well... I really wanted it to be positive but it is what it is. I sent a couple friends to lease station so I'm going to look like a fool. Link to comment Share on other sites More sharing options...
musser Posted September 11, 2013 Share Posted September 11, 2013 I think commercial lending is tightening up a little Link to comment Share on other sites More sharing options...
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