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18
May

Equipment Financing vs. Leasing: What’s the Difference?

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Difference between financing and leasing

If you are thinking of taking out a truck loan, then you probably have some questions concerning the differences between equipment financing and leasing. The biggest difference between leasing and equipment financing is in the ownership. That is, when you lease a piece of equipment, then a vendor will allow you to rent it in exchange for monthly payments. This means you will not own the asset during the duration of your lease. Conversely, equipment financing serves as a collateralized loan that will provide you with the option to purchase the piece of equipment outright. In other words, once the…

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13
Jan

Ultimate Guide to Backhoe Financing

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Ultimate Guide to Backhoe Financing

When you don’t have the right equipment or tools for the job, it can be frustrating. Renting or leasing items like backhoes can get expensive. However, it doesn’t need to slow you down. Did you know that you can get financing to help you purchase the equipment you need to get the job done right? That includes financing to help you buy a backhoe for your team. Benefits of a Backhoe Backhoes are often used for excavation jobs and they are very versatile, which means having one in your fleet can be a major advantage. These heavy machines come in…

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6
Jan

Advantages of Using Dry Van Trailers

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Advantages of Using Dry Van Trailers

One of the best ways to transport items is with a dry van trailer, also known as a box trailer. There are a number of good reasons that organizations and individuals opt to send their items in dry van trailers, including the versatility, security, capacity, and low cost these vehicles offer. Whether you are looking to transport a full load or consolidate your cargo in a less than full load (LTL), a dry van trailer is one of the best options on the road. What is a dry van trailer? Dry van trailers are one of the most common ways…

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