One thing I really like about being in the equipment financing industry is being around all the different products we finance. Construction equipment, to name one type of equipment, always gets my imagination going. gklfhjglfhjg It goes back to when I was a kid. As I’ve mentioned in previous posts over the years, I was the guy with… Read More »
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 »