Re: Equipment Financing - Holy Crap !!!

["Mr. DoubleSided Tape" <onlinealarmquotes@xxxxxxxxx>]

On Sunday, August 5, 2012 5:44:19 PM UTC-4, Bob La Londe wrote:
> As some of you might be aware I dabble in other fields, but this item kind
>
> of overlaps.  I've been doing some CNC machining making parts on the side
>
> for the last few years.  All of my saleable work is done with desktop hobby
>
> level machines.  My big holdup has really been that I just can't make many
>
> parts on the desktop machines before I have to tear them down and rebuild
>
> them.  I do have some repeat customers though, and I do make a few dollars
>
> on it.
>
>
>
> I recently decided to try and step up a little bit and see if I could
>
> finance a couple slightly larger more robust machines.  Most outfits
>
> wouldn't even talk to me since I have not been in the CNC machine business
>
> full time for atleast 2 years.  (I don't intend to stop being a contractor
>
> anytime soon.)  I did have a few though that said they would be glad to
>
> finance new equipment purchases...  at interest rates from 45% to 60%.  Wow!
>
> Well, I am glad to see that every industry has its opportunistic sharks.
>
> Not just the alarm industry.
>
>
>
> I decided it would be better to just sell some equipment and pay cash.  Even
>
> at a loss on the equipment its cheaper than paying 45% or more on financing.<

Bob, if you want to lease some new equipment let me know. I have leasing options available.