As I mentioned in my last blog, I will be doing a series detailing how lenders arrive at an interest rate. But before I get into the posts outlining different pieces of the rate puzzle, I do want to point out that there is a big misconception regarding rates. The misconception is the lowest rate is everything. And… Read More »
It’s been a while since I talked about rates, so now is as good a time as any. First, not to pat myself on the back regarding my prediction skills, but I did say back in Feb 2023 that rates would continue to rise for a bit (they did) and then hold fast for a long time (they… Read More »
Got an email the other day, and thought I’d share it with you. Fletch, I’ve been reading your thoughts about rates but I’ve been holding off getting new gear because I was too scared to borrow when rates were rising. I clearly should have a year ago but that’s hindsight. But today even though I really need some… Read More »
It’s been awhile since I posted about Section 179, so let’s discuss this thoroughly awesome tax deduction. It’s the time of year when you should start thinking hard about Section 179 – especially if you haven’t bought any qualifying equipment yet. That’s because congress raised Section 179’s deduction to a robust $500,000. This means you can buy equipment… Read More »
Last time, I talked about equipment financing rates, and why banks may sometimes have a lower rate than other lenders due to the fact that the bank lessens their risk by demanding collateral and tying up accounts. So let’s stay on the rate topic and look at other types of lending, and why rates are what they are.… Read More »