Let’s talk about dump trucks a bit. And in particular, new and used dump truck financing. But first, let’s go back to the sandbox, and an eight-year-old Fletch. I loved “heavy equipment” toys as a kid. I’d have my Tonka™ trucks, and I’d spend hours digging, building, and pushing dirt around. And my favorite truck? It was the… Read More »
It’s no secret that the economy has been strong for a few years now. Being in the equipment financing industry, I don’t need to watch the news or read the Wall Street Journal to know this – I can get a good gauge on the economy by how often our phones ring. And they’ve been ringing a lot… Read More »
True story: Once, at a trade show, I was talking to the owner of a regional retail/service chain (12 stores in all, plus a small warehouse) about soft cost financing. We got to talking about “training”, because that’s one of the soft costs that a good equipment financing company will finance. He told me he bought a fairly… Read More »
Let’s continue with my series of adding soft cost financing to any equipment financing or equipment leasing deal you engage in. This time we’ll talk about financing delivery and setup, and touch on taxes as well. Delivery is pretty straightforward. Most companies who sell equipment won’t pay for delivery. Some will send it via carrier (UPS or… Read More »
Let me take a quick break from my maintenance agreement series and discuss Section 179 for a moment. Here we are, well into September, and we’re staring the fourth quarter of 2018 right in the face. And now that the third quarter is coming to a close, where are you on your Section 179 spending? To be honest,… Read More »