It’s funny – all this time I’ve been writing about Section 179 and equipment financing, and I never really explained why Section 179 is sometimes referred to as “the Hummer Tax Break” (even though I’ve called it that numerous times here.) Way back in the early 90’s, a civilian version of the military’s “HumVee” was made available. And… Read More »
I talked last time about vehicle financing and leasing, and why equipment financing companies don’t finance passenger vehicles. The reason boiled down to these are not 100% business vehicles, and therefore come under the umbrella of “consumer debt” in the eyes of many, which almost all commercial lenders wish to avoid. So that begs the question – just… Read More »
Continuing our series regarding vehicle leasing and financing, let’s talk about something that my company gets asked all the time, but doesn’t engage in – leasing or financing passenger vehicles to companies. On the surface, it seems a little odd, right? Because there are many, many companies who use passenger cars. In fact, one of the perks for… Read More »
I’m pretty sure I talked about this before, but if I have, it was years ago. And since Fletch has a ton of new readers since then, this is a great topic to revisit from time to time. Have you ever financed or leased a car or truck? Most of you probably have – they are easily the… Read More »
A few recent posts have explored what happens when someone doesn’t pay back their equipment financing company. And, at one point, I mentioned repossessing the equipment. And that opens up the door for one last post on the subject – how do we repossess the equipment, and after repossessing it, just what do we do with the equipment… Read More »