Author Archives: theLeaseGuy
I’m going to talk a little bit more about equipment leasing, and the different types of leases. I’ve mentioned bits and parts of this before in this blog, but it’s good to revisit these things from time to time for newer readers. For this post, I’ll list each type of equipment lease and a very basic description, and… Read More »
Here we are in the third quarter of 2014, and Section 179 is still sitting where it was at the beginning of the year. Most years, this wouldn’t be news, but in terms of the dollar amount of the tax deduction, Section 179 is fairly low right now. And even though we are in quarter 3, I do… Read More »
Being in the equipment financing business, we get a ton of interesting phone calls. And one we got last week qualifies as interesting, and also because I’ve been blogging a lot about automobile leasing, fits perfectly into a blog post. To first set the stage, I was recently discussing vehicle leasing and financing and similar, and what type… Read More »
It’s funny – all this time I’ve been writing about Section 179 and equipment financing, and I never really explained why Section 179 is sometimes referred to as “the Hummer Tax Break” (even though I’ve called it that numerous times here.) Way back in the early 90’s, a civilian version of the military’s “HumVee” was made available. And… Read More »
I talked last time about vehicle financing and leasing, and why equipment financing companies don’t finance passenger vehicles. The reason boiled down to these are not 100% business vehicles, and therefore come under the umbrella of “consumer debt” in the eyes of many, which almost all commercial lenders wish to avoid. So that begs the question – just… Read More »