Buying equipment is something that can boost our bottom line, but make smart choices.
- Capital equipment purchases
- Large equipment
- Large or specialty tools
- Things that we wold typically finance
- Make good decisions – ask yourself
- Can you rent it – does that make better business sense
- Do you really need it
- Can you weather the storm
- What and how to buy
- Decide if you need new or used – there are advantages to both
- Decide on how to pay for it
- Cash (yeah, that’s a tough one)
- Rent or rent to own
- Lease
- Loan
- Buying equipment is great for our business when done for the right reasons