Let’s wrap up our leasing terms and definitions series. We first gave an overview of equipment leasing in general, and then got into terms, phrases, and definitions. That was pretty interesting because I’m sure a lot of folks didn’t realize terms like “monthly rent” applied to equipment leases as well. We then got into the wear and tear… Read More »
Let’s continue the lease series with insurance. I know, I know, it’s a boring topic, and nobody likes to talk about it, but it’s necessary and will be required in your lease agreement. There are several types of insurance your lease agreement may require, and the exact types will depend on the leased equipment, the terms, usage, and… Read More »
Equipment leasing and equipment financing are often seen as similar, and in a big picture sense, they are (you get equipment, and you make payments on it). But the details of the two are quite different, with equipment leasing having many more moving parts and somewhat arcane terms. For the next few posts, I’d like to go over… Read More »
Now that we’re about to hit the third quarter of 2023, let’s discuss rates. Something really big happened at the last Federal Reserve meeting on June 14th – rates did not go up for the first time since January 2022. They didn’t go down either – they just held fast. However, let’s not break out the party hats… Read More »
I was talking with an old friend the other day who has a successful landscaping company. And the subject of business vehicle insurance came up, and how he almost learned the hard way how important it is. Let’s back up about 15 years – my buddy decided to start a landscaping business, and like many others, basically went… Read More »