Business
­Ritchie Bros Financial Services surpasses US$1 billion in open credit approvals
­Ritchie Bros Financial Services surpasses US$1 billion in open credit approvals ...
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[{"type":"text","content":"\n \n \n \n ­Ritchie Bros Financial Services surpasses US$1 billion in open credit approvals\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n Buyer demand is at an all-time high, with equipment & truck finance applications up 18% YOY\n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n April 20, 2022\n \n \n /CNW/ - Equipment and truck pricing has hit record highs in 2022, showcasing a sellers' market with a ton of demand for equipment. For the first time in its history,\n \n Ritchie Bros\n \n . Financial Services (RBFS) has surpassed\n \n US$1 billion\n \n in open credit approvals from customers across\n \n North America\n \n .\n \n \n \"This is a very significant milestone for\n \n Ritchie Bros\n \n . Financial Services, as we have amassed more than\n \n $1 billion\n \n in open credit approvals from customers looking to buy used equipment and trucks,\" said\n \n Chris Quinn\n \n , Vice President, Sales & Marketing,\n \n Ritchie Bros\n \n . Financial Services. \"We are proud to be able to partner with so many customers—new and existing—to find flexible and innovative financing solutions to help them make the best decisions for their business.\"\n \n \n RBFS' two main financing solutions—PurchaseFlex and LeaseFlex—allow customers to buy what they want, where they want. Both options provide up to 100% financing with\n \n $0\n \n down, low monthly payments, flexible schedules, and the ability to shop anywhere for almost anything. A third RBFS product just entering the market is EquityFlex, which gives customers the ability to refinance current equipment in their fleet for working capital needs, extend the period of financing to drive lower payments, or use the equity from free and clear machines to pay off debt on redundant equipment.\n \n \n \"With our financing, customers can buy from any\n \n Ritchie Bros\n \n . sales channel, plus dealerships, and private sale. We are agnostic of manufacturer and support all industries,\" said Mr. Quinn. \"In fact, we've created ...