Dealers or sellers of capital equipment will often offer you a finance solution when you are looking to buy their gear – while this can provide you with the benefit of dealing with less people it may also mean that you end up with a finance structure that is not optimal for your business and that could be detrimental to cash flow.
In most cases Dealers are generally offering finance as a tool to sell you one of their assets – offering finance enables them to retain control of the sale, stop the buyer from going to a competitor dealer for a similar bit of gear, and reduce purchasing barriers. In many cases it will provide additional income from the finance, or in the event of discounted interest rates, reduce the discount they would normally have to provide on the asset being purchased.
How do I fund a significant repair, rebuild, or refurbishment of existing equipment, plant, and machinery?
Extending the life of existing equipment by rebuilding or refurbishing it can defer major capital expenditure and be a very cost-effective option for your business.
HOWEVER, it may be challenging to fund from cash flow and traditional funders may be reluctant to consider the existing asset as appropriate collateral, impose further security requirements or require repayment over a short period not recognizing the life of the asset is being extended.
At Rugs Direct you will find an incredible range of 10,000+ quality rugs online, extensive colours, designs & shapes. Visit us in-store or view our rugs online, beautiful and stylish rugs for every living and working space, we have hand-picked rugs from across the globe to suit your taste and style, Free Shipping Nz.
If getting fit is on your 2022 'to do' list, join Froot Camp!
Froot Camp is a completely free bootcamp running in Auckland Domain - a great bunch of people who love to have a laugh while they sweat. We train three times a week and every session is different (so you'll never get bored).
Here's what you need to know:
- it's FREE! (Froot Camp = Free Bootcamp!)
- we train at 6pm on Tuesday and Thursday and 9am Saturday
- we meet at the back of the Museum
- all fitness levels are welcome
- all you need to bring is a good attitude and your water bottle
Questions? Ask below!