5 Ways Buying Diesel Equipment Affects Your Bottom Line
The business owners and managers we work with know that buying diesel trucks or other pieces of heavy equipment is a big decision. But sometimes they might not realize just how big that decision will be, and all the ways that it will eventually affect their bottom line. If anything, they tend to focus on the sticker price of the particular model and look for ways to decrease the immediate financial hit. That’s certainly a good thing to do, but it sometimes misses the point. That’s because, in the long run, what you pay for a particular truck or engine might not be the factor that determines whether you get good value or not. The ongoing running costs add up over time, to the point that they might go far beyond your original...
You don’t need us to tell you that investing in a heavy-duty diesel engine – or a piece of equipment that has one – is a big deal. Not only are there financial considerations for your company, but you’ll obviously be looking for a certain standard of performance and reliability that will hold up for years to come. Knowing this, you might assume that business owners and executives would have a set process for making decisions about what to buy, or how to maintain such an expensive piece of capital equipment. In our experience, however, many of them are flying blind. They work off gut instincts rather than plans and numbers, which leads them to make decisions that can hurt them in the long run.We want to help you avoid this tendency. In today’s post we are going to...
Modern machinery is an amazing thing. With thousands of years of experience in engineering behind us, we can mold a relatively small amount of metal into an amazing volume of horsepower and put it to specific uses. Not only that, but we can run our devices for hundreds of thousands of miles and expect them to work reliably. However, even the most carefully designed and constructed machinery is going to need serious attention at some point. You can prolong the life of a heavy diesel engine, generator, or marine power unit with careful maintenance, but eventually you’re going to be looking at an overhaul. Otherwise the wear and tear on pistons and other moving parts could render your engines unreliable.Anyone who has worked in a business that requires heavy machinery knows that budgeting time and...
7 Mistakes Business Owners Make When Buying Engines and Generators
Buying engines and generators for your company isn’t as easy as it sounds. There are literally hundreds of different choices, and some of the terms and comparisons you come across may not be familiar. Making things even tougher is the fact that each decision could impact your annual budget for years to come. After all, engines and generators aren’t just expensive today; they require fuel and maintenance going forward. In the corporate world these sorts of decisions fall into the category of capital purchases. That means they involve a lot of money and can make or break the future of your enterprise. Unfortunately, you might not have a team of accountants and performance specialists on staff. So, you could be left choosing between various models and components on your own.We don’t want to see you...
So, you need to buy a new heavy-duty truck for your business. Maybe you need a long-haul rig that can move products from point A to point B. Or, you might require something with a lot of horsepower to pull or carry major loads for short distances. You might even need a truck that can do a little bit of both.How can you ensure you’re going to choose the right model… or get a good deal on a big truck in the first place? This can be a big question for business owners, and particularly those who aren’t used to making capital purchases. After all, every dealer and manufacturer is going to suggest their option as the best one. And with the dollar amounts involved – both in terms of upfront costs and ongoing operating expenses – it’s not a decision most...
That’s certainly a good thing to do, but it sometimes misses the point. That’s because, in the long run, what you pay for a particular truck or engine might not be the factor that determines whether you get good value or not. The ongoing running costs add up over time, to the point that they might go far beyond your original...
