How fast can Sokkia Financial Services make a credit decision?
As long as all the information is provided, Sokkia Financial Services can usually make a credit decision in one hour or less.

How long are credit approvals good for?
45 days

What’s the next step after credit approval?
The dealer should contact Sokkia Financial Services with the type and price of equipment to be financed, along with the desired program type. Sokkia Financial Services will fax or email the documents to the dealer.

How does the dealer invoice the transaction?
Invoices show ownership of the equipment. When it is a loan, the customer owns the equipment, so bill it and ship it to the customer. When it is a lease, Sokkia Financial Services owns the equipment, so bill it to Sokkia Financial Services and ship it to the customer.

Who determines the sale price of the equipment?
That’s between the dealer and the customer. The only time Sokkia Financial Services will intervene is if the sale price exceeds Sokkia’s suggested retail price.

Will Sokkia Financial Services accept signed documents that are faxed?
Yes, however, the orignal signed documents must be returned to Sokkia Financial Services.

Can the dealer or customer alter any of Sokkia Financial Services’ documents?
No. If a dealer or customer has a problem with the language in any of our documents, call Sokkia Financial Services and we’ll try our best to work it out.

Can the equipment be delivered to the customer prior to the signing of the documents?
That is up to the dealer. Keep in mind that if you deliver the equipment without the paperwork, you’ll have to make a separate trip later to get the documents signed.

What happens after all the documents have been signed and the transaction is complete?
Sokkia Financial Services services all of our loan/lease transactions. About two weeks before a payment is due, we will issue monthly statements informing customers where to make payments.

Is insurance required on financed equipment?
Yes, loans require property insurance. Leases require property and liability insurance. End users may obtain insurance from any reputable source. Sokkia Financial Services should be named as "loss-payee" (property) / "additional insured" (liability). We can arrange property insurance if neccessary.

Does Sokkia Financial Services finance used equipment?
No. 

Does Sokkia Financial Services finance any other types of equipment other than what’s listed on this Web site?
No, but if you are interested in financing some equipment that is not manufactured by a direct competitor to Sokkia Corporation, give Sokkia Financial Services a call and we’ll see what we can do.