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Join Date: Jul 2005
Location: Seattle
Posts: 5,826
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Equipment leasing. Any experience?
Well, my 10+ year old machine (coil winder) looks like it may be biting the dust.
Earlier last year, I lucked out and found a used machine for sale in Romania. I posted about it. I haven't gotten it yet, but it's in safe hands. It should be ready to ship next week. I wonder if anyone here has any experience in equipment leasing. These machines are quite expensive when new. That used one is the only one I've ever found for sale in all these years. If I can't get this one repaired (not on great terms with the manufacturer, I think) I'd like to find a new one, newer model. Any good companies to lease from? Any to avoid?
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'85 911. White - 53,000 miles bought 3-16-07. "Casper" '88 924S. Blue - 120k miles bought with 105k miles. '94 968 Coupe - White - 108,000 miles bought 9-28-17 '09 Cayman - Grey - bought 9-8-20 |
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01-09-2015, 07:08 PM
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Cogito Ergo Sum
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Wolfe, check out PNC equipment finance. We used them as a lending partner at my last job and they would loan on about any equipment and had great rates and were flexible about terms.
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01-09-2015, 08:15 PM
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Registered
Join Date: Mar 2001
Location: Marysville Wa.
Posts: 22,620
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Make sure it's not a non-cancellable lease.
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https://www.instagram.com/johnwalker8704 8009 103rd pl ne Marysville Wa 98270 206 637 4071 |
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01-10-2015, 08:06 AM
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Location: Seattle
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P4life, I'll look into those guys, thanks!
John, I get the idea.. but explain, please.
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'85 911. White - 53,000 miles bought 3-16-07. "Casper" '88 924S. Blue - 120k miles bought with 105k miles. '94 968 Coupe - White - 108,000 miles bought 9-28-17 '09 Cayman - Grey - bought 9-8-20 |
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01-10-2015, 11:42 AM
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Air Medal or two
Join Date: Jul 2003
Location: cross roads
Posts: 14,216
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Lease is great for some stuff .
Its a great write off rather then depreciate . It may be good for you. Watch out for "some " lease companies (they take your money and find reasons not to deliver on their end ) So, ck their references !
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162 Assault Helicopter Co,(Vultures ) D troop 3/5 Air Cav. ( Bastard CAV) South of Saigon, U Minh Forest, Delta, and most parts in between. |
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01-10-2015, 12:13 PM
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Registered
Join Date: Jul 2005
Location: Seattle
Posts: 5,826
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whoaaa doggies!
 Looks like I may be able to buy a brand new* winder for $6000 (originally $15,000ish), exactly same as mine. The ex-US distributor still has one available. about 7 years old, never been used, and he'll part with it cheap. He's also still in touch with some of the engineers who worked there previously, and they've got access to replacement parts it looks like. The company is down to four people due to management issues apparently. Add that to the one shipping from Romania that I picked up for $1200ish, and I could go to a three-winder setup. Hire and train two more people...
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'85 911. White - 53,000 miles bought 3-16-07. "Casper" '88 924S. Blue - 120k miles bought with 105k miles. '94 968 Coupe - White - 108,000 miles bought 9-28-17 '09 Cayman - Grey - bought 9-8-20 |
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01-10-2015, 01:57 PM
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Air Medal or two
Join Date: Jul 2003
Location: cross roads
Posts: 14,216
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What do you do ? (wind )
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162 Assault Helicopter Co,(Vultures ) D troop 3/5 Air Cav. ( Bastard CAV) South of Saigon, U Minh Forest, Delta, and most parts in between. |
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01-10-2015, 02:03 PM
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Registered
Join Date: Jul 2005
Location: Seattle
Posts: 5,826
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Quote:
  
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'85 911. White - 53,000 miles bought 3-16-07. "Casper" '88 924S. Blue - 120k miles bought with 105k miles. '94 968 Coupe - White - 108,000 miles bought 9-28-17 '09 Cayman - Grey - bought 9-8-20 |
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01-10-2015, 04:27 PM
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Air Medal or two
Join Date: Jul 2003
Location: cross roads
Posts: 14,216
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OK ,Thanx!
and congrats !
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162 Assault Helicopter Co,(Vultures ) D troop 3/5 Air Cav. ( Bastard CAV) South of Saigon, U Minh Forest, Delta, and most parts in between. |
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01-10-2015, 04:30 PM
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Registered
Join Date: Mar 2001
Location: Marysville Wa.
Posts: 22,620
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a non-cancellable lease is one you can't pay off early to save interest. it could cost you $12k instead of $6K, plus the buyback. got stuck with one on a parts washer years ago. should have been smarter. they never said anything about it and sent a cute lady over for a quick signature to distract my brain.
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https://www.instagram.com/johnwalker8704 8009 103rd pl ne Marysville Wa 98270 206 637 4071 |
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01-11-2015, 06:54 AM
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Air Medal or two
Join Date: Jul 2003
Location: cross roads
Posts: 14,216
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Just remember
Olooser said you did not do that on your own.............LOL ( make your product)
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162 Assault Helicopter Co,(Vultures ) D troop 3/5 Air Cav. ( Bastard CAV) South of Saigon, U Minh Forest, Delta, and most parts in between. |
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01-11-2015, 06:59 AM
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1986 Porsche 944 2.5l
