• The Credit Crunch and IT Leasing

    By now, we should have all heard about the economic phenomenon that has got individuals to small businesses to corporate giants shaking in anguish, with the thought of what will happen to them next. This occurrence is called the credit crunch. What is actually meant by the term credit crunch is a sudden decrease in the availability of finance. The reason for this might be due to a change in market conditions, increased fear of economic risk and even a tightening of under-writing. This credit crunch is not a localised happening and is actually a global problem. The trouble initially happened in the US, when the adverse

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  • Medical Equipment Leasing and Financing Know What to Do

    Medical equipment leasing is a common way for physicians and doctors to start or grow their practice. The cost of medical equipment is so high that it is near impossible for a doctor to start a practice without utilizing leasing. There are many expenses that physician's need to factor in when they are thinking of starting a new practice on their own. Medical equipment is just one part of those expenses. Leasing can often be beneficial to a physician's practice for several reasons. Loans often make you put a down payment on the equipment that you are purchasing. This is not the case when it comes to leasing medical

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  • Five Things to Consider When Acquiring New Business Equipment

    One of the most important decisions a business owner has to make is one that involves spending money. More specifically, we're talking about spending money to acquire new equipment for your business. It doesn't matter if you're paying cash for the equipment or financing it, it's still a lofty decision to make. Here are five important things to consider if you are or if you soon will be in the market for new equipment. First and foremost, let us not forget one of the primary reasons you started your own business-making money. The first and most obvious question you should ask yourself is-"how much revenue will this new

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  • Fire Truck Lease Purchase How to Make Things Easier

    What can you do to make financing your new fire truck as easy as possible? Follow these 4 ideas to save you time, trouble, and money. It's exciting when you order your new truck. Don't get dragged down when you figure out how to finance it. Here are 4 ideas to help you. Idea #1: Get your financial information organized You'll save time and money if you present organized financial information to your bank. The bank will request at least 3 years of financial information to review your trends and ability to afford the new payment. The information should show how much money you earn every year from all your revenue sources

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  • Fire Truck Financing Your Banker Should Not Be Asking You This!

    The following 10 questions are sure signs that your banker is inexperienced in the unique business of financing fire trucks. Don't get caught accepting these typical banker mistakes because they will cost you thousands of hidden dollars. Question #1: Are volunteer fire departments eligible for tax-exempt financing? We'll need your local government to borrow the money instead of you. Answer: Yes. The IRS code designates volunteer fire departments as “qualified" tax-exempt borrowers just like cities, townships, counties, villages, towns, and states. Bankers who don't specialize in tax-exempt financing won't know

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  • Get Out Your Car Lease Living With a Porsche You Cant Afford is the Speedy Way to Financial Ruin

    "How can I get out of my car lease?" In the days before the perfect storm of the economic downturn, people used to ask about getting out of a car lease in order to move up to a pricier, newer model. Today, however everyone is looking for a way to free up cash. And, next to your mortgage payments, your monthly car payment can be the biggest expense item in your budget. So naturally people who have been hard hit by the current economic cycle would be looking for ways to get out of their car lease. And until recently, this would've been an arduous and sometimes humiliating experience-especially if they were looking to

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