Who's Buying and Where Are They?
Construction equipment reps, bankers, finance companies, rental companies and contractors weigh in on the question.
• If you need the 100% Bonus Depreciation Benefit, better get that order in now. It has to be in the dirt by December 31, 2011.
• There are more soft spots than hot spots. If you find yourself in a soft spot, “caution” is the word of the day. Do what you have to do to survive.
• Start planning for 2012.
Since the question of who is buying and when keeps coming up, I would like contractors to take a second to send me an email that addresses if you plan to buy equipment yet in 2011, and if you plan to buy equipment in 2012. (It can be a simple yes or no for each.) Include what state you are in and the type of construction you perform. I know it’s not very scientific, but it may shed some light on the question if enough of you reply. Send it to gbartecki@comcast.net.
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