All I keep hearing is that rental is going to be the preferred choice of equipment ownership for the next couple of years until the markets stabilize. But if you must buy, you can count on some very competitive pricing and financing for new equipment. On the other hand, used prices are moving up, and getting financing for used equipment may still be difficult. It's going to be a tough choice.
So as they said in the old cop show: "Let's be careful out there." Or maybe we should say, "Go get the business... but let's not overextend our financial resources."
Garry Bartecki is the managing member of GB Financial Services LLP and VP Finance for the Associated Equipment Distributors. He can be reached at (708) 347-9109 or email@example.com.