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 »
One of the better ways to protect your investment on a piece of equipment is to purchase a maintenance agreement for it. This is especially true if your equipment is expensive, and/or it’s really needed for your company to operate. We’ve become somewhat conditioned as a society to resist certain add-ons. This usually comes into play at the… Read More »
I was getting my oil changed the other day, and started thinking about “maintenance”, as in regular maintenance for my car (because, of course, that’s exactly what an oil change is). Then, since I’m Fletch, my mind wanders to equipment financing, and regular maintenance on purchased equipment. And it occurred to me that I don’t speak about maintenance… Read More »