Shopping for construction equipment can be a daunting process. After all, there are so many makes and models, along with a variety of configurations, that price comparisons can be especially difficult. A dozer might seem like a great deal until you see that it has 10,000 hours. Still another might be low hours but have a leak in the hydraulic…
If you needed a new personal vehicle and could only lean on your cash reserves, what kind of vehicle would you drive? In this case, you probably are not in the Premier edition truck with the cool liftgate or the E class Mercedes. But with financing…hey…lookout. Suddenly you have buying power beyond just what’s in your bank account. Your business…
In a recent survey of nearly 5000 equipment sales organizations, 73% of survey respondents were ‘somewhat dissatisfied’ or ‘very dissatisfied’ with their finance provider. Perhaps the most alarming part of the statistic is the trend. In 2018 the number was 65% and in 2017 it was 61%. This trend shouldn’t make sense…but it does. Finance companies are listening to you….
Business decision-makers know that a reliable path to new commercial equipment on a regular basis isn’t a luxury – it’s a necessity. That’s precisely why it’s so important to know the lay of the land, financing-wise, when it comes to replacing, upgrading or purchasing new equipment financing. Primarily, there are four viable options when look to finance new business equipment…
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