Equipment Type

Insights into Equipment Purchasing

Equipment managers look for long-term factors when deciding to take on the costs of ownership

October 05, 2017

Equipment managers look for long-term factors when deciding to take on the costs of ownership.

Equipment managers look for long-term factors when deciding to take on the costs of ownership. Two-thirds of respondents cited need as “very important” when purchasing equipment, and just over half said long-term cost was “very important.” New technology is a factor for four of 10 respondents.

 

Nearly six of 10 respondents use cash to purchase equipment

Nearly six of 10 respondents use cash to purchase equipment, and many arrange their own financing, whether through a bank or independent company. About half use a manufacturer’s finance company, and 17 percent finance through their distributor.

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