Contractors Save Big with Secret Heavy Equipment Financing
The Financial Benefits of Equipment Financing
One of the primary advantages of financing heavy equipment is the preservation of capital. Instead of depleting your reserves, financing allows you to maintain liquidity, which is vital for covering operational expenses and unexpected costs. Additionally, many financing options offer tax benefits. For instance, Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment purchased or financed during the tax year1.