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How Does an Equipment Leasing Company Work to Benefit You?

Having the most updated equipment is a huge bonus for any company. It streamlines production and allows the company to provide the highest level of customer service to its clients. Yet, purchasing the latest technological equipment can be a strain on any business. So the question arises: How can one obtain the best equipment to provide the highest level of service? Leasing.

Reduce Upfront Costs

When a company leases equipment, the lessee pays a monthly fee to the lessor in exchange for use of the equipment. Paying a smaller monthly fee may be a better option for businesses that cannot afford the upfront cost of owning the most up-to-date equipment. With smaller monthly payments, the lessee can use its extra money on other facets of the company.

Eliminating Equipment Ownership Expenses

Additionally, owning equipment...

10 Things You Didn’t Know About A Christmas Story

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This year the beloved holiday film A Christmas Story turned three decades old. Whether you were alive when it came out, everybody at least remembers the first time they watched Ralphie Parker practically shoot his eye out. Conducting interviews with the cast, crew, and others involved with the film's history, New Jersey writer Caseen Gaines compiled a fascinating book entitled A Christmas Story: Behind the Scenes of a Holiday Classic, describing the film's growing cultdom over the years (it was only a moderate success at the box office). From the unexpected merchandising (bobbleheads!) to the hit Broadway musical, A Christmas Story has made everything right with the world. Here are a few...

You Can "Doooo" That?

When I first entered the equipment leasing business over 25 years ago, one of the most revealing things about this industry was learning how many different things could be leased. If the item is removable personal property, it is leasable. And that includes such unlikely items as fruit trees, fencing, and, yes, dairy cattle.  We have done airplanes, beef jerky manufacturing equipment, equipment that is used to manufacture the Patriot missile, motor homes, luxury cars but never any livestock!  Dairy cattle leasing is actually a pretty good business. At the end of the lease, a well-maintained herd should be larger than at the beginning,...

Fed May Raise Rates By Year End

When will the Fed begin to raise interest rates? Six and a half years ago the Federal Reserve put its benchmark interest rate close to zero, as a way to bolster the economy. But that policy is expected to change. It’s a “liftoff” – to use the Fed’s own term – that’s getting the kind of attention that space aficionados once lavished on NASA rockets.  Fed officials left rates unchanged after meeting in September, but when they do make their announcement, it will have lasting consequences. The last time the Fed raised interest rates, in June 2006, Facebook was mainly for college students and had one-tenth the users of Myspace. The Federal Reserve’s decision to raise the federal funds rate will be akin to a doctor’s decision that a patient is well enough to be...