Snow and Ice Removal: Equipment Financing Options

OTHER PARTS OF THIS ARTICLEPt. 1: Snow and Ice Removal: Three Types of Snow PlowsPt. 2: Snow and Ice Management: Consider Versatility When Buying EquipmentPt. 3: This PagePt. 4: Snow and Ice Management: Pros and Cons of OutsourcingPt. 5: PRODUCT FOCUS: Snow and Ice Management

Another important step in the process of researching equipment and identifying the most versatile unit is estimating how often crews will use the machine each season or year. This figure relates directly to the budget and planning processes.

Managers should review the different financing options that can help them make the financial case for purchasing the equipment. Manufacturers offer various financing options for equipment, parts and service, including leasing, renting, installment-sales contracts, balloon payments, and tax lease options.

Managers also must be cautious when signing any contracts. Make sure to read all the fine print and completely understand financing terms. Do not be afraid to ask for third-party input.

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  posted on 9/1/2009   Article Use Policy

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