Equipment Prices Are Expected to Rise – The Cost of Waiting
Equipment prices do not stand still while you wait for rates to drop. Every month of delay can mean
- Higher equipment costs.
- Lost productivity and revenue.
- Missed tax benefits such as Section 179 deductions.
- Continued use of older, less efficient equipment.
Rather than trying to time the market, many successful businesses focus on acquiring the equipment they need when it will have the greatest impact on their operations and profitability.
Take Advantage of Section 179 Tax Benefits
Purchasing equipment before year-end may provide more than operational benefits it could also create significant tax savings. Under Section 179 of the IRS tax code, qualifying businesses may be able to deduct all or a portion of the cost of eligible equipment purchased and placed into service during the tax year, subject to IRS guidelines and limitations.
Finance Equipment and Preserve Working Capital
One of the smartest ways to grow your business is to preserve cash while investing in the equipment you need.
Equipment financing allows you to acquire new equipment today without making a large upfront cash investment. Instead of tying up valuable working capital, you can spread the cost over time and match the payments with the revenue the equipment generates.