Next up in our series on “reasons to finance equipment in 2022”, let’s talk about using financing to keep pace with your competition. No matter what industry we are in, we always keep an eye on our competition. Which is smart – while we all like to think we’re “it” in terms of our industry, that isn’t true,… Read More »
I remember when I was about 14 years old. A few years of mowing lawns had built up my bank account to several hundred dollars. It was a lot of money for a kid back then. And it made me feel very secure. Money in the bank is a great feeling anytime. I also wanted a new videogame… Read More »
Reasons to Finance Equipment in 2022 – Inflation and Rate Increase Hedge You’ve been reading the news, right? Inflation is here, and it’s not going away anytime soon. Here’s what this means for all of us: over the next year or three, we’re going to pay continually higher prices for just about everything. Or put another way, you’re… Read More »
So there you are, running your company. 2020 was rocky, 2021 saw a stabilizing and somewhat “new normal” for your industry and revenues, and 2022 is starting to look better. You look at today’s mail, and in it is the bi-monthly print copy of your industry’s leading magazine. Every industry has one – some have went digital of… Read More »
I discuss equipment finance quite often in this blog, and I also discuss various financial and economic issues that are common with businesses. And as I discuss these things, I usually touch on good reasons to finance equipment. For example, if I’m talking about rates or similar, I’ll stress the importance of locking financing in with fixed rates.… Read More »