There’s no denying it any longer. Whether your current truck is on its last legs or you’re looking to add a new vehicle to your fleet, you’ve suddenly found yourself in the market for a new pumper truck. The question is, should you buy it outright or finance it?
Typically, there are three ways your company gets new equipment: paying out of pocket, getting a loan or leasing it. There are clear advantages to all those payment options, but every company is different, and not every option is right for every business.
The term “equipment financing” has become something of a catchall term
