Buying equipment is something that can boost our bottom line, but make smart choices.

 

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