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View Full Version : Do you finance your equipment purchases?


Steve
11-21-2006, 08:52 AM
75% of their business is from financing? WOW it looks like most purchases are financed!

Do you think that is the case?

Wirth Business Credit provides capital for companies that need to lease equipment (http://www.gbj.com/content.cfm?Action=story_detail&StoryID=1801) - Leasing finance providers including Wirth Business Credit are also a plus for product and equipment vendors - especially those without their own in-house financing department. "I'd say 75 percent of our business is from financing," says Chuck Stephens, general manager of Jordan Outdoor Power Equipment in Duluth. "Without people like Tim (McLean), we'd be out of business."

http://www.gbj.com/dbimages/1106_NW_Wirth.jpg

tiedeman
11-21-2006, 10:27 AM
When it is large equipment that is usually $2,000+ then yes I finance it. When anything smaller, I just pay in cash.

Steve
11-22-2006, 08:23 AM
Do you think that is how most lcos handle it as well?