Quick question: If I offered you one of three choices: $5,000 cash right now, $5,000 in a few years, or $1,000 a year for five years, which would you take? Most of you would say $5,000 right now, which is the correct answer. There are a lot of reasons why most people feel this is the correct answer.… Read More »
Well, it happened. The Federal Reserve raised interest rates last week a quarter point, marking the first rate increase in three years. Most economists felt this was inevitable, and I’ve been talking about this for a while now. Well, we’ve moved out of speculation and into reality – with the inflation numbers being what they are (the highest… Read More »
Next up in our series on “reasons to finance equipment in 2022”, let’s talk about using financing to keep pace with your competition. No matter what industry we are in, we always keep an eye on our competition. Which is smart – while we all like to think we’re “it” in terms of our industry, that isn’t true,… Read More »
Reasons to Finance Equipment in 2022 – Inflation and Rate Increase Hedge You’ve been reading the news, right? Inflation is here, and it’s not going away anytime soon. Here’s what this means for all of us: over the next year or three, we’re going to pay continually higher prices for just about everything. Or put another way, you’re… Read More »
I discuss equipment finance quite often in this blog, and I also discuss various financial and economic issues that are common with businesses. And as I discuss these things, I usually touch on good reasons to finance equipment. For example, if I’m talking about rates or similar, I’ll stress the importance of locking financing in with fixed rates.… Read More »