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17
Oct

Best Leasing Options For Construction Equipment

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When it comes to leasing heavy equipment, you have more options than you probably realize. If you’re thinking of buying new or used equipment, you’re going to need pretty deep pockets. Heavy construction equipment is expensive and will definitely dam up your cash flow. To save money and to preserve your positive credit history, leasing may be the way to go. Whatever you decide, make sure you’ve weighed all the options and have discussed them with professionals in the leasing industry like the experts at Truck Loan Center. You can even work with a lender to fashion a customized lease that includes specific terms and payment options just for your needs. Some of the most popular lease choices include: Lease to own; Fair market value; Line of credit lease; Sale leaseback; and Stretch lease. Lease to own. If you’re pretty sure you’re going to want to buy the piece of…

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10
Oct

5 Reasons To Get A Truck Loan

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Getting a truck loan instead of purchasing equipment outright might be the best road to take when large machinery is part of your arsenal. Business owners are constantly analyzing and strategizing on how to best run their companies and part of that involves making the most prudent decisions when it comes to equipment. Even if you can afford to buy new equipment, doesn’t mean you should. Here are some reasons getting a truck loan might be a better option for your business: Save your cash. Business owners have other expenses they need to consider before making a decision to buy or lease. Getting a truck loan can free up cash for unexpected things like repairs or contractual surprises. Be masterful with money. Construction company ownership is pretty demanding capital-wise. So, you’ve got to keep that cash flowing, especially in an uncertain economy. Cash lets you continue to work, even when…

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3
Oct

Making A Lease-Purchase Work For You

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Construction companies are no strangers to using huge pieces of equipment. Figuring out the best way to finance machinery is part of the overall workings of these companies. If you look at the overall picture of your company, you might decide that lease-to-purchase may be the right option for you. The bottom line is running your business in the most cost-efficient way possible. “New” May Not Be A Gold-Paved Road Smaller companies may be hard-pressed to be in a position to buy new equipment and financing new purchases may not be an option for you right now. Larger outfits need many pieces, so they too may opt to lease or rent. Things To Ponder How Much Available Cash You Have — Your bank account needs to be pretty healthy to purchase new equipment. And if you’ve got most of your capital tied down in new equipment, you may run into…

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26
Sep

7 Ways To Show Respect And Appreciation For Your Truck Drive...

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Truck drivers usually work long, hard hours. Sharing the road with them can be a good experience for everyone if we remember they deserve our respect and admiration. There are some things we can do to make truckers’ lives easier while they’re on the road and show them that what they do is important to us. Respect their time. Truck drivers are on deadlines. Time for them is precious and an extended delay may mean they’re spending another night in the cabin of their rig instead of being at home with family. Of course, there may be times when this can’t be controlled, like traffic jams, but time can be saved in areas like unloading and loading of cargo. Just like everyone else – a driver’s time is valuable. Pay them fairly. Companies paying drivers a fair wage have a higher retention rate. If they know their skills and time…

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19
Sep

Hidden Benefits Of Leasing Equipment

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Leasing equipment is often the most cost-effective way to free up funds in a company. Leasing makes cash available for other things, like emergencies or any other things that may crop up. Many construction companies prefer leasing equipment to buying. Here are some of the advantages: Cash flow is stabilized; Payment structures are customized; More flexibility in leasing than in loans or outright purchases; Well-managed assets; Equipment upgrades easier to do; and Flexible options. Of course, there are the tax benefits of leasing as well – tax deductions, increased cash flow, write-offs, accuracy in planning and approvals are usually quicker than for other financing options. Here is some of the equipment you might be better off leasing, than buying: Back hoes Cranes Bulldozers Crawlers Crushers Wheel loaders Excavators Cement Trucks Advantages to leasing You won’t have as much of an initial layout in cost You’ll have access to the latest…

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