We’re more than halfway through 2023, which means it’s time for my periodic check-in regarding your company offering financing. Are you doing it? If the answer is yes, how much do you promote it? Because I have to tell you, over the years (and I know I sound like a broken record), I have seen it make a… Read More »
Here’s another email I got from a prospective (and now) client. They were asking if we could finance a piece of equipment from a private party seller. And he was elated when our answer was “we’ll take a look” instead of a flat-out “no”. The reason he was elated is because this type of transaction is typically an… 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 »
This was a question I was emailed the other day and I thought it would make a great blog post. The emailer asked “how old can a used vehicle be and still get financing?” He was asking about this because he was already turned down by another equipment financing company due to the vehicle’s age. He wanted to… Read More »
In my last post I mentioned business vehicles and insurance, and that you really need a commercial business vehicle policy. And to me, there’s no negotiation on that – doing business without it is way too risky. But just “why” do you need a commercial auto policy for a business vehicle? Here are a few reasons: There are… Read More »