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Equipment Financing - Holy Crap !!!

Discussion in 'Security Alarms' started by Bob La Londe, Aug 5, 2012.

  1. Bob La Londe

    Bob La Londe Guest

    As some of you might be aware I dabble in other fields, but this item kind
    of overlaps. I've been doing some CNC machining making parts on the side
    for the last few years. All of my saleable work is done with desktop hobby
    level machines. My big holdup has really been that I just can't make many
    parts on the desktop machines before I have to tear them down and rebuild
    them. I do have some repeat customers though, and I do make a few dollars
    on it.

    I recently decided to try and step up a little bit and see if I could
    finance a couple slightly larger more robust machines. Most outfits
    wouldn't even talk to me since I have not been in the CNC machine business
    full time for atleast 2 years. (I don't intend to stop being a contractor
    anytime soon.) I did have a few though that said they would be glad to
    finance new equipment purchases... at interest rates from 45% to 60%. Wow!
    Well, I am glad to see that every industry has its opportunistic sharks.
    Not just the alarm industry.

    I decided it would be better to just sell some equipment and pay cash. Even
    at a loss on the equipment its cheaper than paying 45% or more on financing.
     
  2. Bob La Londe

    Bob La Londe Guest

    Drop me a line at alarm(underscore)wizard(at)hotmail(dot)com and let me know
    what you can do. I am interested in lease to own or low buyout at term
    only.
     
  3. Bob La Londe

    Bob La Londe Guest

    Machine parts from machine manufacturers have really gone nuts for price,
    but if one knows where to look and what to look for there are other
    alternative sources. Often something like a position sensor from Hurco will
    be 15-25 times more expensive than the exact same part from somebody like
    Digi-Key.

    I have some demand which is why I need to just buy a machine or two to take
    over for my hobby level machines, but I can retrofit and build machines
    myself. Its just a matter of time verses money. That, and I am still
    working on the retrofit on my big machine that I planned for making more
    smaller machines. LOL. Speaking of Hurco. This is an old Hurco KMB1 that
    I have gutted the electronics cabinets to convert it over to direct PC
    control.
     
  4. Bob La Londe

    Bob La Londe Guest

    When you are talking about a Haas that starts at $50K and can run upto $200K
    I can see why. I'm actually not looking at machines in that class and do
    not really need them for the market niche I have. They would just be a
    waste of space and energy.
     
  5. JoeRaisin

    JoeRaisin Guest

    As I understand it, there is a severe shortage of machinists right now.
    Last numbers I heard was that there were about 40,000 job openings for
    machinists in the country that can't be filled.

    Good thing all those folks went to college for their poly-sci degrees
    and we have de-emphasized education in the trades.
     
  6. G. Morgan

    G. Morgan Guest

    They will be the first to die when the SHTF. I don't know about anyone
    else but I live in an area prone to hurricanes. I prepare for that, at
    least a month of food and H2O purification stuff. Got plenty of guns &
    ammo if need be for killing zombies or hunting squirrels. I have a
    scanner and FRS radios. And a bunch of camping/survival shit for
    fuel/light/first aid etc....
     
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