For the past decade, interest rates have been at historical lows, however with increasing interest rates and inflation, new equipment prices might come as a shock. The use of the proper financial programs can help offset these rising rates. You do not want to hit rock bottom and not have cash flow, so knowing what financial programs are available to you will help keep you up and crushing it.
Other options to purchasing equipment
Before we get into the financial programs, your first step should be determining if buying is the option for you. Questions can start with:
What is my company’s existing finances?
What would be the length and frequency of use?
What are short-term and long-term costs associated with this equipment?
If you are still uncertain if buying is the right option for you, then check out our previous blog: Maximizing profit by choosing between renting and owning equipment. If you are certain, then the next question to ask is…
What financial programs are there?
Looking to finance more than just your crusher?
With dozens of banks at our disposal, we have a place to take just about everything. For more information, reach out to our finance team.