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20
Apr

Loan vs. Lease for an Excavator: Which Is Better?

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Loan vs. Lease for an Excavator

Have you ever considered the advantages of having an excavator for your company? There are a number of projects that are easier to do with an excavator, including: Hauling Digging trenches, foundations, and more Demolition Forestry work River dredging Snow removal You can also opt to buy different attachments for your excavator, which are best used on specific projects. This includes grapples, augers, and hydraulic-powered tools like breakers to deal with materials such as concrete or rock. You can also find dozer blades that attach and detach to your excavator. Depending on the kind of work that you do, expanding…

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2
Mar

Advantages and Disadvantages of a Heavy Equipment Loan

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Heavy equipment loans

The construction business is big in North America, with an estimated value of 1.3 trillion dollars in the United States alone. As such, many people who are thinking of starting a construction company will need to procure heavy equipment in order to run their business. However, heavy equipment tends to be quite expensive, so many entrepreneurs will turn to heavy equipment financing in Canada in order to obtain their heavy equipment vehicles. Here, we will break down the advantages and disadvantages of heavy equipment financing in Canada. Obtain the Necessary Funds The first pro is that you will get the…

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4
Jun

Should You Finance Your Bulldozer?

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Should You Finance Your Bulldozer?

Bulldozers are expensive pieces of equipment that are virtually a must at a construction or demolition site. As such, loans and financing for bulldozers must be approached a little differently when compared to other heavy equipment vehicles on the market. It should also be noted that if you are buying new equipment from a dealer, are not part of a startup company, and have a credit score that exceeds 700, then the chances that you will be able to obtain a lower rate from your dealer is quite good. However, in many cases, you will end up working with an…

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5
Jun

7 Questions to Ask Before Taking a Heavy Equipment Loan

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In order to receive a loan for the purchase of a heavy equipment, you need to ask yourself some few questions. After answering the questions, you can choose the right lender and know precisely the right amount you require. Many of the loan borrowers do not have sufficient measures for applying for a loan. Therefore, it poses some doubt to the lender concerning the credibility of the client. When applying for a loan, ask yourself the following questions: What is the Interest Rates? When applying for a car loan, shop around for interest rates. Different lenders will have different car loan interests. Choose the lender who provides an interest rates affordable depending on your budget. How Much Can You Contribute Before Taking a Loan? The trend is that you should contribute more than 20 percent for the total amount of the truck. However, some banks even offer to provide the…

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10
Jul

3 Tips For Financing Construction Equipment

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Many people getting into the construction business, even those who have been in it for a long time, understand that part of starting up and maintaining a fleet involves leasing construction equipment, or financing it in a variety of other ways. There is an art to financing and leasing construction equipment and the more industry experience, and financial know-how you have, the easier it is to do. If you are thinking about financing new or used construction equipment, below are three tips to help you do it. Get your paperwork in order The thing that you want to do most when trying to lease or finance a new piece of construction equipment is make it clear to the lender that you are a good investment. One of the best ways to do this is to clear your corporate accounts so that lenders know you are solvent and are going to…

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