Saving Money on Equipment

The Benefits of Financing

Financing: For Good Reason

Business owners in many industries have waited to see if things calm down before they decide to buy equipment. Things haven't calmed down.

From steel tariffs to the pandemic to inflation to distribution bottlenecks, we've all experienced economic disruptions these past four years.

More recently, there's been this combination of interest rate hikes, nobody knowing if there's a recession approaching, and prices not coming down.

And that, says, Gary Evonsion, Senior Vice President at Crest Capital, "makes an even more compelling reason to finance your equipment."

Crest is one of three partner options we offer for the financing of your new or used yard ramp purchase.

About March of this year, Gary saw an uptick in financing requests. Smart money is that business owners saw this, as an optimal time to buy. (Quick: before more economic surprises, eh?)

With financing, "you write it off your bottom line," says Gary. "It accelerates your depreciation. Instead of getting the benefit over a five-year span, you receive the benefit immediately, and it’s larger."

Deck: CloseUp, at Dock
Ramping in the Right Financial Direction

There are a number of strong reasons to finance your equipment, including:

  • Immediate use of a yard ramp from our quality inventory, meeting your specifications and requirements.
  • Greater flexibility and fewer restrictions than typical bank loans.
  • With a payment plan, your ledger can better absorb the cost of a yard ramp over time.
  • Tax advantages (especially the Section 179 deduction): In most situations, you'll be able to deduct the full cost of a yard ramp as a business expense.

Whether cash on hand is a challenge for your business operations, or you just want to keep more of your cash in-house for working capital, the ability to deduct that yard ramp (and other equipment, up to $1,080,000) is a boon to business owners, especially in uncertain times.

Note that the certain time here is putting your equipment into use by December 31st in order to qualify for the 2022 deduction.

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Gary Evonsion is featured in a recent video that's a great primer on equipment financing. Click HERE to watch.

This week, if our man McCoy Fields quickly gets to describing a delay.

Click HERE for his timely essay.

Peripheral Vision

Our, er, Diversified Focus

To review: we focus exclusively on the business of buying, renting, and selling new and used yard ramps.

As with so many things related to vision, what we focus on does not exclude other elements that are hiding in plain sight, at the edges.

Here are a couple of prominent examples:


Turnkey

We Literally Do The Heavy Lifting
The Yard Ramp Guy respects your time. We know that you've searched our site and connected with our sales team toward optimizing and streamlining your operations. Buying or renting a mobile yard ramp or stationary dock ramp is one thing. Getting it shipped and set up is another.

Early on, we clearly saw our customers' needs for turnkey services. And so we've established a network of professionals, located throughout the country, who collectively are able to deliver, off-load, weld, bolt, and position your purchase or rental.

About half of our customers take advantage of these value-added services, which include:

  • installing anchors at docks;
  • spot welding; and
  • finding and managing equipment such as cranes needed to offload a ramp from a flatbed.

In our professional experience, our competition hasn't expressed much of an interest in providing these options. We didn't invent the wheel with our turnkey services; we just greased the wheel a bit, and the results continue to show a smooth, expedited, and safe way to put your ramp into use.


Financing Options

We offer partner options for the financing of your equipment. All have simple applications and can quickly determine your financing request.

Our customers choose financing for a couple of prominent reasons:

To Finance: Not So Puzzling

  • If cash on hand demonstrates a challenge for your operations, financing is an excellent way to minimize the pain points.
  • Cash on hand isn't as central as the simple and understandable desire to keep the company ledger more robust.

Advantages to financing include:

  • You gain immediate use of a yard ramp from our quality inventory, meeting your specifications and requirements.
  • Greater flexibility and fewer restrictions than typical bank loans.
  • With a payment plan, your ledger can better absorb the cost of a yard ramp over time.

Not only does financing allow you to keep more of your cash in house for working capital, it generally also comes with a terrific tax advantage. The Section 179 deduction provides a way, in most situations, for you to deduct the full cost of a yard ramp as a business expense.


We cover the peripheral things, so that you can stay focused.

This week, if our man McCoy Fields seems a bit superstitious...well, maybe he just needs a low-sodium diet.

Click HERE, just to be safe.

The Transaction

Going Above and Beyond

The Road Less Traveled

The Yard Ramp Guy team loves a transaction.

You might naturally think that scenario involves an invoice: the customer buys or rents a mobile yard ramp or stationary dock ramp from us to help streamline their operations, and we generate an invoice.

Of course, we like that. Everybody wins.

The scenario we're focused on today is a different sort of transaction:

"A communicative action or activity involving two parties or things that reciprocally affect or influence each other."

In these situations, the exchange is of ideas and typically doesn't involve an invoice.

We rent and sell industrial yard ramps big enough for a forklift to pass through. Time was when we received a number of requests for ramps for smaller applications, like smaller, shorter inclines designed to traverse a couple steps from a walkway to the front door of a residential home.

The percentage of our qualified leads is pretty darn great these days, thanks to the work of our SEO guru (whose expertise in the mysterious world of algorithms and word competition has caused us to believe in magic).

Still, the occasional request slips in that's not the right match between what we offer and what someone needs. Example:

We recently fielded a request from someone who needed to place a large RV on a property in the desert. His glitch: the point where the paved road met the unpaved dirt road involved a significant dip. And so, he was looking for an inclined plane.

The Yard Ramp Guy's approach to business includes the notion that the only thing worse than needing to say no is to not answer at all. Here's the response from Jeff Mann, our Founder and President:

"Your application is quite unique. Our ramps won’t accomplish what you describe. But I hate saying that and not providing any ideas or direction. If you send me the location where your RV is going, I could Google Earth and see if I might have an idea for you. I’ll likely have additional questions. If so, I’ll give you a call."

The next day, we received this response:

"Thanks so much for your reply. I knew it was a real shot in the dark, and I came up with some other solution ideas that I’m implementing tomorrow when it’s delivered. So hopefully it works! Anyway, thank you again for the reply and for the offer to brainstorm another solution. I really do appreciate that and it speaks highly of you and your business."

We don't do such things for the accolades (though that feels good, too).

As Jeff Mann says, it's good karma for the business soul.

This week our man McCoy Fields has some issues with sand. And, as is usually the case, his issues are the world's issues.

Click HERE to see what's the rumpus.

Equipment: Save by Buying

Like a Coupon

Dollars...and Sense

Okay, the coupon. We've all clipped and carried them to the grocery store. Or scoured the internet for a discount code to apply at checkout. Might seem like an illusion that we're spending money to save money. And yet, if we want or need to purchase, we are, in fact, saving money.

So it is with the purchase of new or used yard ramps. Here's the scenario:

You buy a yard ramp. The Yard Ramp Guy can readily arrange delivery and the off-load (with our industry-best Turnkey Services). You put it into use by the end of the year.

Come tax time, you apply the Section 179 Deduction. More precisely:

“Essentially, Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income.”

Your 2022 Deduction Limit is $1,080,000. That good for new and used equipment, as well as off-the-shelf software. To take the deduction for tax year 2022, the equipment must be financed or purchased and put into service between January 1, 2022 and the end of the day on December 31, 2022.

That's money you can keep in the plus column of your company's ledger.

Section 179 is a terrific tool for companies. Factors include businesses that want to finance their equipment, for whatever reason. It's virtually like applying a coupon to that three-ton workhorse of steel positioned near your loading dock.

Thinking of financing? We gladly open doors of opportunity for you from our favored financing providers.

Crest Capital, one of them, recently blogged about the nation's rising interest rates and their effect on businesses. As they write, it's "not all doom and gloom. In fact, savvy companies can make it work for them. And that’s because, all else being equal, the Fed raising rates works both ways. Yes, you pay more for the money you borrow, but you also generally earn more on your money in the bank."

That's a coupon worth clipping.

 

This week our man McCoy Fields has some bones to pick. Caution: gratuitious kitty litter description ahead.

Click HERE to dig into it.

The Safe Yard Ramp Angle

Memo from Mann: Inclined Toward Success

A new customer, weighing yard ramp options, recently wrote us with his concern about the solid steel that our manufacturers use in the six-foot level-off on one our most popular ramps for purchase and rental.

Specifically, he much preferred a continuation of the steel grating, which comprises most of the deck, all the way through to the end of the ramp.

It's a great point, with a solid reason: he wanted any snow or rain to pass through the grating so that moisture wouldn't accumulate or pool.

We consulted with our manufacturers to confirm, again, the way we've presented this feature to our potential customers.

The Lip of Success

Diamond tread plate has long been the material of choice for the bulk of the deck, due to its patterned surface, which provides some traction. These yard and dock ramps are designed to be used in all weather conditions. (Naturally, we always advise clearing the diamond plate of ice and snow before use.)

In both design and function, there needs to be a smooth transition from ground-to-ramp, from break point of incline to level-off, and from ramp to truck/dock/platform.

Steel grating cannot accomplish this. Grating at that junction would leave a sharp 2” - 3” ridge because the grating cannot be beveled. Without the smooth transition that the flat steel decking affords, forklift tires would be subject to significant wear and tear.

While we're on this roll, it is also very important to select forklifts that handle inclines and are designed and equipped for outside/all-weather conditions.

There are no “standard” forklifts. A good forklift dealer will ask about your application and guide you to forklifts appropriate for outdoor use on inclines. This includes distinctions between surfaces (including steel, concrete, asphalt, wood, gravel, and dirt.)

We thank you for the opportunity to earn your business.

Jeff Mann
Founder and President

This week, our man McCoy Fields debunks alien visitation. And he's not talking about his in-laws.

Click HERE to be transported.