Secret Strategy Contractors Love Heavy Equipment Financing Transformed
Understanding the Benefits
One of the primary advantages of heavy equipment financing is the ability to maintain cash flow. Instead of depleting your reserves to purchase equipment outright, financing enables you to allocate funds to other critical areas of your business, such as payroll or marketing. Additionally, many financing plans offer flexible terms and competitive interest rates, making it easier to align monthly payments with your cash flow cycles.
Moreover, financing can offer significant tax benefits. Under Section 179 of the IRS tax code, businesses can deduct the full purchase price of financed equipment from their gross income, providing substantial savings1.