I’m pretty sure I talked about this before, but if I have, it was years ago. And since Fletch has a ton of new readers since then, this is a great topic to revisit from time to time. Have you ever financed or leased a car or truck? Most of you probably have – they are easily the… Read More »
A few recent posts have explored what happens when someone doesn’t pay back their equipment financing company. And, at one point, I mentioned repossessing the equipment. And that opens up the door for one last post on the subject – how do we repossess the equipment, and after repossessing it, just what do we do with the equipment… Read More »
My last blog outlined a situation where a company buys equipment, doesn’t like it, and decides not to make their finance payments. Nobody wins in that scenario (and the company withholding payment is always in the wrong, as per finance agreements). In fact, this situation can be so dire, equipment financing companies like mine have learned to look… Read More »
I’ve recently talked about rates and levels of credit risk, and how those levels of risk can affect the rate a person or company pays. But there’s another “risk” that an equipment financing company like mine takes when we finance any type of equipment – what if the equipment is a piece of junk? Thankfully, that doesn’t happen… Read More »
I’d like to talk a little bit about rates today. Because, in a way, a rate, particularly on equipment financing, is the “price tag” of the deal. Just as one compares prices between stores, one compares rates when shopping for equipment financing. But it can be misleading. Here’s why: In theory, with most commercial equipment lending, all rates… Read More »