Description
Format: e-book
Recording: November 15, 2006
In this 90-minute session, Michael J. Fleming of Fleming Advisors LLC looks at the importance of preparing an Equipment Lifecycle Plan to help prepare for the immediate and future risks and benefits associated with the usage and ownership of equipment. Each risk and benefit has a cost or value that must be factored into your finance plan. These factors can help you determine whether you should buy or lease your next piece of equipment.
Can you answer these seven questions?
- How do I plan to use this equipment?
- For how long do I plan to use this equipment?
- Do I fully understand the ramifications of each financing option for the acquisition of equipment?
- What do I want to do with the equipment at the end of the lease?
- What should I ask the leasing company?
- What are my responsibilities under the typical lease?
- What is the concept of "equipment lifecycle financing"?