Financing spreads the cost of equipment over time so cash stays available for operations.
In this article
Utilization
Will it be busy.
Terms
Rates and length.
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Cash flow
Monthly impact.
Taxes
Ask your accountant.
Maintenance
Plan costs.
Common mistakes
Buying idle equipment, ignoring total cost and no maintenance plan.
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Frequently asked questions
Should contractors finance or pay cash for equipment?
It depends on cash flow, interest rates, utilization and tax considerations. Talk to your accountant.