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17
Aug

Things to Consider Before Buying a Bulldozer

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What to consider before buying a bulldozer?

Construction equipment tends to be very expensive, and quite heavy as well. Given the substantial investment involved, you will need to consider many factors before deciding if it is worth it. In regards to bulldozers, most people end up considering only one factor before deciding on which one to buy: price. However, there are many other factors that you should think about as well, as we shall see in this article. Assessing the Undercarriage The environment and terrain where you are planning on using the apparatus matters, so we strongly recommend that you inspect your bulldozer’s undercarriage before moving on…

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3
Aug

Why It Might Not Be a Good Idea to Buy Your Construction Equipment

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Construction equipment financing

In the construction and renovation industry, workers are only as good as their tools, which may include construction equipment such as grapples, digger buckets, bulldozers, diggers, scissor lifts, and grabs. Using such equipment, a construction worker can perform tasks that would normally take a dozen or so workers to accomplish. However, not all construction equipment is created equally, and a construction company must have the right tools available at a moment’s notice if they are to fulfill work orders and meet tight deadlines. As such, the million-dollar question becomes a matter of deciding if leasing or buying construction equipment is…

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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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4
May

Reasons to Consider Construction Equipment Financing

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Construction equipment financing

There are many reasons why businesses seek out construction equipment financing in Canada. For instance, the intensive nature of the industry will often necessitate the purchase of compact attachments and equipment to get to hard-to-reach spaces, as well as heavy-duty equipment for larger projects. Moreover, construction businesses will also require office equipment and IT tools to handle many clerical and administrative tasks. Here, we will discuss some of the most important reasons why you may want to consider construction equipment financing for your business. Flexible Options Most equipment financing enterprises will offer their clients many different flexible options to accommodate…

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3
Feb

Which is Better for You: A Line of Credit or Term Loan?

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Which is Better for You: A Line of Credit or Term Loan?

Within the trucking and transportation industry, there are two options to get started. Whether you’re looking to engage a single unit or a fleet, you can either rely on a line of credit or invest in a term loan. At Truck Loan Center, we like a credit loan better. However, there are pros and cons to both. If you’re at a crossroads and trying to determine how to finance your transportation, here are a few things to consider. What is a line of credit? Like a personal line of credit used to buy a car or finance a house, a…

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