Steps to Getting Your Portable Rollforming Machine: Part 2

By Katie Bowles, New Tech Machinery. 

Prepare for your new rollforming equipment by understanding all of the available financing options. 

To ensure you’ll have a successful and positive experience when purchasing a new portable rollforming machine from New Tech Machinery (NTM), we’ve provided a detailed list of steps to help you prepare and learn what’s involved in the purchasing process.  

Part one consists of the first three steps  to getting your portable rollforming machine and can be read here.  

4 – Setting up payment or completing financing application 

As you consider the purchase of a new machine, you’ll want to determine if you plan on financing the equipment or buying it outright. While New Tech Machinery does not offer in-house financing, we work with several partners who can assist you with this, or we can work with your bank/financier of choice. 

There are pros and cons to each option you should take into account before making a final decision: 

Pros of financing 

• Allows you to manage your initial cash flow, and you keep your money in your pocket 

• There is financing available for brand new machines 

• Most financing terms are “lease to purchase,” which means you’ll eventually be the machine owner 

• There are some tax advantages 

• Financing can help you determine your company’s profitability 

Cons of financing 

• You may not have the option of financing if you’re a new business or have bad personal credit 

• You could end up paying more in the end after paying interest 

Pros of purchasing outright 

• You are the original owner of the rollformer 

• Save on interest that accrues when financing equipment 

• Don’t have to worry about making monthly payments 

• Lower overall cost in the long run 

• Ability to sell the asset and recoup the cost if needed 

Cons of purchasing outright 

• The initial cost is higher than financing 

• Ties up funds that could be used for other business needs 

• Technology can become “outdated” 

How much will you need to finance? That depends on which portable rollformer you’re looking to purchase, but you can talk to a financing company for a ballpark figure. 

When weighing whether financing or buying a machine outright is best for you and your business, consider the following: 

• The current economy and its impact on your operation 

• How much working capital you have to start with 

• If it’s affordable for you to purchase a new machine outright 

• What your credit situation is and your creditworthiness 

• If you can cover monthly financing payments after the initial overhead costs 

If you’re considering financing, we can direct you to partner finance companies that can help determine your creditworthiness and offer different types of leasing/financing programs that may work for you. 

5 – Signed quote or purchase order is sent to sales 

Once you’ve finalized your payment options and have your funding in place, it’s time to submit the purchase order, signed quote or written confirmation accepting the quote and its terms to our Account Managers at New Tech Machinery. 

Once our Account Managers receives the initial deposit (25% of the total cost) and signed quote, the next steps are: 

• Processing your deposit 

• Send a sales order confirmation email detailing the order and profiles selected if applicable, showing the deposit applied, balance due and the expected lead time in production for completion 

• Set up any training at our Denver facility for you or your employees (if applicable) 

• Inform you once production begins so that any remaining balance can be paid and shipment/pick up arrangements can begin 

Here’s an example of an order confirmation email that one of our Account Managers will send you: 

Hello, 

Thanks for your order. Your Order Confirmation is attached along with your credit card receipt for the deposit paid. 

Please get back to me ASAP with any changes to avoid potential change fees. Once your machine is scheduled to go into production, I’ll reach out for the final balance due. 

Let me know if you have any questions or need further assistance, and we appreciate your business. 

Welcome to the NTM family! 

Sincerely, 

New Tech Machinery 

6 – Payment is confirmed and machine production begins 

There are a few things that any client needs to know after purchasing a portable rollforming machine and while machine production is ongoing: 

• You must pay any remaining balances once production is scheduled to begin (along with any applicable freight costs) to avoid potential production delays. 

• As long as you notify New Tech Machinery before production begins, changes to your order are allowed without additional fees other than pricing differences. After production begins, any changes to your order will be subject to a 15% change order fee (minimum $500). 

• We will keep you informed during this process and let you know once production is complete and when the machine will be shipped or ready for pick up. 

7 – Production is finished, and machine is prepared for shipping 

Machine production times will vary depending on our current backlog and inventory. The timeframe between when the machine begins production and ready for shipping is generally about one to two weeks. 

Shipping times are dependent on where the machine is sent to, shipping methods and if it’s being sent directly to your business or a freight forwarder. We can ship machines to any commercial address in North America (loading docks and forklifts are generally required to offload equipment at the delivery location) as well as international destinations. 

Once your machine leaves our facility in Denver, we’ll send you an email with tracking information within 24 hours. We provide insurance on all of our shipments covering the product’s value, as well as any damages that may occur during shipping before you sign for your shipment. 

Before receiving your machine, you’ll want to make sure you have the following paperwork to obtain your machine (if shipped to a freight terminal or port location): proof of shipment, order confirmation papers, tracking labels and sealed lock documents for international shipments. Also, set up arrangements and bring the proper equipment for your machine to be unloaded and transported. 

Final thoughts 

The steps discussed in this article are pretty standard for all new rollforming equipment purchases placed with New Tech Machinery, but each situation can vary based on your timeline, the Account Manager you speak to and your business needs. 

We understand that it can be stressful choosing the right company and machinery for your new business. That’s why we try to make your experience and purchasing process with New Tech Machinery as simple as possible.  

Our Account Managers will work closely with you throughout the entire purchasing process, ensuring that everything works best for you, your business and your customers. 

If you’re ready to get a quote on any portable rollforming machine or discuss how New Tech Machinery’s equipment can help your business, we’re here to help answer all of your questions, so contact us today! 

Learn more about New Tech Machinery in their RoofersCoffeeShop® Directory or visit www.newtechmachinery.com.  

Original article source: New Tech Machinery