In our ongoing series of getting into the details of equipment leasing agreements, I thought I’d start out with the basics: explaining and defining several notable equipment leasing terms. I’m going to stick to just a few essential terms that are important – you will find these all throughout any lease agreement, especially in the fine print. Lease… Read More »
Equipment leasing and equipment financing are often seen as similar, and in a big picture sense, they are (you get equipment, and you make payments on it). But the details of the two are quite different, with equipment leasing having many more moving parts and somewhat arcane terms. For the next few posts, I’d like to go over… Read More »
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 »