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    Purchase vs. Lease

    This is news to me... Todd "Finance Guy"
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    Finance Guy special

    Hey bobcat ron... I do work with a Canadian underwriter so get in touch with me. Todd
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    Finance Guy special

    Hey everybody... Since tax time is upon us I want to help you out. For the next 30 days if you finance equipment through me I will offer the following. I will pay the following. $250.00 towards your first payment for financing up to $25,000. $350.00 towards your first payment for...
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    Purchase vs. Lease

    Willis Bushogin... Great information. Good to hear! And yes, equipment leases are completely different than an auto lease. Todd
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    Purchase vs. Lease

    Orchard Ex... Make it a family size and an invite. :)
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    Purchase vs. Lease

    From finance class 101... " Lease what depreciates; Buy what appreciates." Bottom Line.
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    Purchase vs. Lease

    Hey DirtyWorks, Lot's to cover here... If you qualify for a Manifest (US Bank) equipment finance agreement you can usually choose your term and whether you want a residual or not on the back end. Let's say you want a 4 year term with no residual... You make your payments and after three...
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    Purchase vs. Lease

    It sounds to me like some people here have a good idea of the benefits of a lease. It also sounds to me like some people have out of date financial information or information that has not been presented well. Today there are leases called "Equipment Finance Agreements" that do not...
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    Purchase vs. Lease

    tuney443... I finance small businesses everyday and, respectfully, I have no idea what you are talking about. FG
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    Purchase vs. Lease

    You are combining two scenarios. You would either have a fair market value residual lease and the option would be for you to purchase the equipment for its fair market value. Banks would typically get comps from Machinery Trader and some vendors they work with. Keep in mind that a bank will...
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    Purchase vs. Lease

    ror76a... You have some good information there. When you get to this point it is best to consult your accountant (preferably one that understands a lease) as I do not want to mis-inform you on percentages. I say this because the % is based on your tax bracket and I do not have all the...
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    Purchase vs. Lease

    There are a couple ways to work a lease... 1) Accelerate the depreciation 100% the first year and call it good. 2) Write off the entire payment, year to year for the term as an operating expense. A lease is considered a rental to the IRS and can be completely written off FG
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    Purchase vs. Lease

    Hi John C, A 30k residual on a 100k lease would be 30%; I have never seen a residual that high. If for some extra ordinary circumstance someone was in that position my advice would be to walk away from the machine. Being that the machine is only worth 20% of its original value after such...
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    Purchase vs. Lease

    Cash flow wise - A lease requires less out of pocket expense to start. The payments may be slightly higher than a straight bank LOAN; however, in the end after the tax advantages a lease actually costs you less. If you get a loan from a bank it shows up on you credit bureau and a lease will...
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    home equity line

    We also can utilize an Experian Business Report to gather information. Yes, you can have a business credit rating as a Sole Prop. A SP does leave yourself open as an individual as far as liability if something were to happen. Incorporating or LLC provides a separation that can save you...
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    home equity line

    As far as personal credit there are three bureaus, Equifax, Experian and Transunion. Most likely your score varies from one to the other. 780 is fantastic! Business wise there is Lexis Nexis and Dun & Bradstreet. This gives us a business credit rating. One is known as "Paydex" the other...
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    home equity line

    People often ask me how they can build their "business credit". I am amazed how many people are concerned about their personal credit and they should be!! If you have a business then let's build your business credit. This will help when you bid jobs, qualify for financing, I know it betters...
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    home equity line

    Well, losing your house is the main thing to consider. Think about all the ways you could possibly miss a payment. You get hurt, family get's hurt, you run into a cash flow crunch at work and need cash but the bank rejects you because you have too much exposure (loans) with them...
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    home equity line

    BIGDAN315... Some advice from the finance world.... NEVER put your house up for a equipment loan... Very bad idea. Thank you Steve! Todd
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    looking to try out site sponsor for financing. questions from users

    It this point all I have heard is that there will be bigger and better incentives. More than what is in place currently. As soon as I get details I will post for all to read. Todd
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