Buying Heavy Equipment in an Inflation Environment
When inflation hits your business there are many things to consider. According to the Federal Reserve (often referred to as “the Fed”), there are two units of measure for inflation. Consumer Price Index (CPI) and the Personal Consumption Expenditures price index (PCE). When these numbers rise the Fed has to react by raising interest rates. This, in turn, increases rates on the financing of equipment necessary to keep your business moving.
The necessity to purchase heavy equipment during an inflation environment will mean different things to different businesses. In a climate of inflation purchasing equipment sooner than later can benefit your business and set you up for success. As the trending interest rates increase, the right heavy equipment can become scarce and cause you to have to pay more in interest throughout the loan.
Since news on this topic can change day-to-day it is important to seek advice from professionals in the financing industry to help keep you informed.
Trinity Capital may be able to provide your business with an industry-leading rate lock on new equipment financed with us. Trinity Capital is ready to walk you through your financing questions, offer fast approvals, and the best terms to keep your business flexible*. You can reach us by calling 833-659-2203, emailing us at email@example.com, or visiting us at mytrinitycapital.com.
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