It’s safe to say we’re all looking for a little clarity right now. With COVID-19 still looming and a return to “normalcy” nowhere on the horizon, the rest of 2020 seems to be muddled at best. Or is it? Because right now, in July 2020, if you’re still doing business and surviving… well, there *is* some clarity in… Read More »
So I got this question in my e-mail the other day. Usually I don’t have the time to respond to these personally, but this one asked about an issue I posted about a few months ago, so it was still fresh in my mind. Dear Fletch, I want to buy equipment from a local company that’s going out… Read More »
When lenders finance equipment for customers, there is a concept called PMSI. I want to spend this blog explaining what it is. To start, PMSI is an acronym for “Purchase Money Security Interest”, and is very important for lenders, especially those who finance equipment purchases. Essentially, what it means is the lender who pays for the equipment has… Read More »
It’s no secret that the economy has been strong for a few years now. Being in the equipment financing industry, I don’t need to watch the news or read the Wall Street Journal to know this – I can get a good gauge on the economy by how often our phones ring. And they’ve been ringing a lot… Read More »
It’s funny – sometimes, I look back in my blog archives, and I come across something I thought was relevant to a particular time, but then I realize it’s even MORE relevant now. And that’s true with today’s post, which is about financing used equipment. I first wrote about used equipment financing in spring of 2008, when gasoline prices… Read More »