Skip to main content

You can take it to the bank

When considering a machinery purchase, the price and how to pay for it probably come to mind first. But before doling out cash or writing a check, read on.

If your cash flow is limited but you need new machinery, financing is now more than ever a viable option.

The case can be made that financing is the best way to go, even if you're lucky enough to have the full purchase price in your pocket. The reasons are pretty straightforward: the interest fees of leasing to own are hardly the threat they once were, there are substantial tax deductions to be had and your cash flow will improve. But there are also generous warranty and technical support plans available to those who finance.

Related Articles

Photo of CNC Machine in use

Look Before You Leap

Physical size seems to be less of a consideration than budget, at least when smaller shops begin shopping for a CNC router.

Image placeholder title

Can it pay to mill your own lumber?

They trickle through the mail every few months: glossy brochures for portable saw mills that leave a woodworker wondering. Ironically, the appeal of harvesting one’s own lumber has little to do with economics.