While leasing/buying equipments!

[Jeff001]

Hi,

I would like to share something very important for those who are financing heavy equipments. Recently, my friend has bought some heavy equipments for his startup. He had to have a loan for that. And he had a good experience with the lenders and sellers. Then only I came to be aware of all the things which we should know about heavy equipment financing.

Let me directly come to the point now. There are several issues which we have to be taken under consideration, while buying or leasing an equipment. The crucial points are:
1. Whether to buy or lease?
2. Cash flow/budget requirements
3. Capital expenditure plans
4. Equipment obsolescence risk
5. Credit availability
6. Tax benefits
7. Standard finance plans

And I came to read an article based on these factors which would be helpful for us.


While choosing a seller, again we have to make sure about a lot of things which include:
1. Buy equipment from a reputable seller
2. Do a background check
3. Ensure clear title on equipment
4. Inspect equipment before you buy
5. Leave a payment trail

It's beneficial that a lot of information are available on the internet nowadays! People can have a look on everything they want. So, there is no issue of a disappointment. But, still some fail to find the right place.

There are several companies offering heavy equipment financing in USA. To get the best, the only thing we have to do is to have a thorough research, both on the internet and by seeking the expert advice.

Hope you get something here. Thank you.

 

[Redlands Okie]

Interesting.
In somewhat of a similar issue i learned a while back that most equipment rental companies no longer provide insurance as part of the rent. At least in my area. I was led to believe that due to a paper work problem and a bit of insurance scam deal that the courts changed the rules and so its hard to get insurance thru the rented company's now.
My equipment insurance policy now has a rider or attachment on it for covering rented equipment.
So when you go get a bob cat or excavator or chain saw for example you might check if there is any insurance provided. Are you covered for theft or vandalism or fire or other damage such as a auto accident when hauling it ?

Hertz Damage Waiver Fraud Deal Could Net $1M For Class - Law36

 

[ustmd]

Hmmmm....I wonder if Jeff001 is an intern working in marketing department of the finance company, the auction company or the construction company he is linking to (or maybe a digital marketing company looking to insert tracking cookies). He conveniently leaves out any specific details on his "friend" and carries the main "messaging" of the websites to his post.

Also, I should point out that he has Class Axion 900 Tractors (I would give the plural a pass as maybe English is not his first language) which is a model of tractors that have 325 to 445 horsepower, but his profile also states that he owns less than 1 acre.