I realize it sounds a little self-serving for me to say “it’s a good time to finance equipment”, but looking at economic conditions, there are two extremely compelling reasons why right now is a great time to finance equipment. And used equipment in particular. The first is rates. I’m not a fortune teller, but I have been pretty… Read More »
The beginning is near the end! I say that because in this series of “how do lenders arrive at interest rates?”, I’ve talked about different factors that affect the rate you pay. But where does that rate originate? It doesn’t start at zero (after all, money is never free). In general terms, most lenders will utilize existing benchmark… Read More »
Let’s continue with my series on how lenders arrive at rates. This time we’ll talk about loan types and intended use, which, honestly, is one of the easier ones to explain. In plain terms, most lenders want to know what you are going to do with the money they lend you. This is true for consumer loans (your… Read More »
In a recent blog about the recent rate cut, I wrote the following: Will borrowing costs come down? Not as fast as everyone would like. While lenders’ rates typically follow the Federal Funds Rate directionally, the relationship isn’t as straightforward as many might expect. Lenders adjust more slowly, cautiously, and incrementally than the Fed. A 50 basis point… Read More »
There’s a saying in the stock market that goes something like this: The best time to invest was ten years ago. The second-best time is right now. The implication is that there really is no better time than right now, unless we have a time machine. Which we (sadly) don’t. The same goes for acquiring equipment for your… Read More »