Let’s answer a question or three, shall we?
Hey Fletch, I know you always tout getting equipment when you need it but aren’t rates coming down soon? Wouldn’t it be better to wait? Dave P.
Hi Dave,
Honestly, assuming the equipment will earn you revenue, no, it is not better to wait. There are three reasons for this. The first is, as I recently posted, Lending rates are not a one-to-one correlation with Federal Funds Rate movement. Lending rates will stay steady for some time before they follow suit and slowly lower. You may be waiting for quite some time.
The second reason is inflation is still here. Annual price hikes are common in many industries. Waiting, especially at this time of year, almost always ensures you will pay more.
Lastly, it’s like I mentioned earlier – getting equipment when you need it earns revenue. Don’t miss out on that.
I hope this helps.
Fletch
Hi Fletch, I am selling a dump truck and the second I sell it I want to buy a larger one. I have it all picked out and am ready. What are the chances you can handle the financing for the sale and the financing for my new dump truck at the same time? Mark
Hi Mark,
That’s a great question. Of course, it would depend on your buyer’s details. But assuming they qualify for financing and everything checks out across both deals, we can work with everyone so there’s little to no gap between the transactions. Let us know and we’ll get to work.
Fletch
Hey Fletch, You picked the Braves to win the world series but they got bounced in the first round. What’s up with that? Pete M.
Pete,
There’s a reason I don’t make my living as a gambler! But I did hit with the Celtics, right? I usually hit at least one a year, so there’s that.
I did want Atlanta to win. But they didn’t. And of course, there’s no crying in Baseball…
Fletch