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, 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.
