Another objection many equipment vendor companies cite when it comes to offering equipment financing is they don’t want the risk involved with financing. And I agree – that would certainly be a fair argument… if there were any risk involved for them. But 99.9% of the time, there isn’t. Follow me here – these two scenarios have the… Read More »
Let’s continue on this series of why some companies shy away from offering equipment financing. Today’s topic will be the misconception that offering financing is something that’s too complicated. Which, of course, is 100% false. To start, I do understand the notion. After all, ‘financing” involves numbers, calculators, forms, percentages, interest rates, monthly payments, residual values (if leasing),… Read More »
One aspect of the equipment financing industry is equipment sellers (manufacturers, distributors, used equipment dealers, etc.) offering financing through a company like mine. It’s popular, because it’s usually a win / win / win for all involved. Of course, my company likes the financing business it brings. Our equipment-selling partner loves offering financing, because they sell more. And… Read More »
Let’s discuss another type of equipment in this series – today, it’ll be “Material Handling Equipment” financing, and why it makes sense. First, let’s discuss what material handling equipment is. It’s any equipment that’s involved in the moving, storage, protection, or control of materials or products. Usually, this moving/storage/control is in relation to manufacturing, distribution, or disposal of… Read More »
I post about Section 179 often, and it’s no secret I am a fan. And my last post about it was a faux political debate I imagined myself in. But it got me to thinking a little – if a politician really took the time to explain Section 179 and why it’s so important, they could have a… Read More »