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Don Seeley

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    Beacon Funding

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  1. Don Seeley

    Grow Your Tow Business

    At Beacon Funding, we understand how important acquiring equipment is to your success. As a result, we handle each new business credit application with the highest priority. If your business is looking to finance or lease equipment, you can count on Beacon to respond in a quick, professional and trustworthy manner so that you can put your new equipment to good use and grow your business. Contact us today to get started! Why Trust Beacon Funding? 27 year history A+ Better Business Bureau rating Tens of thousands of historical transactions with zero (0) BBB complaints 1 of every 2 transactions is a repeat client. 1/3 of our deals are from three-time or more repeat Beacon clients 8.5 out of 10 average client satisfaction rating Don Seeley Equipment Financing Consultant Beacon Funding Corporation 847.897.1761 dseeley@beaconfunding.com
  2. It’s no secret that used tow trucks are more affordable than those that are brand new, but the process of hunting down the perfect truck can seem daunting enough to scare even the biggest penny-pincher away. Luckily, it isn’t nearly as hard as you’d think, especially if you use these four tips! Know Your Stuff It’s important to be knowledgeable about any tow truck you’re buying, but when you’re looking into used, it’s even more crucial. Do some research to see what trucks have a good reputation in the industry. You’ll want to know what trucks are known to last and hold up well to years of towing. Ask a few of your industry friends what their preferred makes and models are and check out Facebook groups and online forums. People love talking about their trucks and business, so don’t be afraid to ask! You’ll be surprised how willing other business owners are to give advice, especially if you aren’t their direct competition. Once you have some trucks in mind, make sure you know enough about them to really evaluate their worth. You want something that will hold up over time and that won’t require outrageous repairs in the near future. If you’re a little rusty on auto repairs, turn to a trusted mechanic. Run a few of the specks by them or see if they’ll inspect the potential truck. It could save you from a major headache later on. Shop Around With so many online truck buying options, it’s easy to shop around. No more driving from dealer to dealer only to find they don’t have what you need. Online classifieds and dealer inventories make it easy to see all your options. They allow you to cover more ground and see things you otherwise wouldn’t. Find the Right Financing Partner Even though buying used is more affordable, financing is still a great option for helping a used tow truck easily fit into your budget. Some lenders have set restrictions when it comes to financing used trucks. You’ll want to find a lender that understands used trucks and doesn’t impose unreasonable terms just because the truck isn’t fresh off the assembly line. You’ll also want to find a lender that offers customizable plans. Cookie-cutter leases and financing agreements just don’t work for most towing businesses. Make sure they will work with you to fully customize your term length and payment structure to give you the best shot at success. Adjust Your Timeline If you’re lucky, you’ll find the perfect truck in a jiffy, but more than likely, it’ll take some time to wade through all the options. You may even have to wait a few weeks for the right truck to go on sale. Don’t let that discourage you! The wait will be worth it when you find a great deal. While you’re still shopping around, consider getting pre-approved for financing. You don’t need the exact truck picked out and it will save you time in the long run. You wouldn’t want the perfect truck to slip through your fingers just because you haven’t started the financing process. The post 4 Tips for Getting the Used Tow Truck Your Business Needs appeared first on Beacon Funding. View the full article on Beacon Fundings Blog
  3. Northbrook, Ill., November 14, 2017—Beacon Funding, a leader in commercial vehicle financing to the small and mid-sized market, is pleased to announce its partnership with Quest TowNetwork and the launch of Quest Roadside Rewards, a program that provides enhanced financing options to providers in the Quest TowNetwork. “Quest has a strong reputation in the roadside assistance marketplace and continues to build a very high-quality network of towing providers,” said Toby McDonough, Beacon Funding President. “Beacon Funding is eager to help Quest’s towing provider network grow its truck fleet through our competitive, flexible, and convenient truck financing programs. Our goal is to make it easier for Quest providers to acquire more trucks, take more calls, and grow their revenue.” Quest TowNetwork dispatches emergency roadside, accident, and secondary tows for various companies. The network consists of independent service providers that offer roadside and towing services to Quest’s clients. By partnering with Beacon, they’ll be able to encourage providers to grow with additional trucks and communicate the benefits of being a provider to Beacon’s existing towing clients. John C. Bowen, Quest GM/Operating Partner, echoed McDonough’s excitement. “Quest’s partnership with Beacon Funding will give our service providers a simple, seamless way to finance their equipment purchases and grow their business.” Beacon Funding’s Quest Roadside Rewards program offers several exclusive benefits to Quest providers. By sharing their Quest activity with Beacon, Beacon’s financing experts will get a better understanding of the business as a whole and be able to rely on factors far beyond a company or individual’s credit strength, allowing more providers to qualify for the truck financing they need. As an added bonus, for each vehicle that is financed, the provider can receive up to $200 in VISA gift card rewards. In addition to the wider credit window and cash rewards, Quest providers will benefit from Beacon’s extensive industry and equipment knowledge. With nearly three decades in the equipment financing industry and financing consultants specializing in tow trucks of all shapes and sizes, Beacon Funding is equipped to help all businesses afford the trucks they need. “Our new partnership with Quest was made with service providers in mind. The Quest Roadside Rewards program combines the strengths of both companies to ensure the providers benefit,” said Nick Lionello, Beacon Funding Senior Financing Consultant. “While Quest is able to help increase providers’ revenue with more jobs, Beacon Funding is able to help them afford the trucks they need to keep up. I can’t wait to see how Quest providers are able to maximize their earning potential with this program.” To learn more about Quest or to become a provider, visit www.townetwork.com. For the latest Beacon Funding news, visit blog.beaconfunding.com. For information regarding Beacon’s financing and leasing programs, visit www.beaconfunding.com. ABOUT BEACON FUNDING CORPORATION For 27 years, Beacon Funding Corporation has been providing equipment financing solutions to all types of organizations and businesses throughout a variety of industries in the United States. Beacon Funding focuses on being a specialist in the select markets it serves. As a result, Beacon differentiates itself by offering start-up and existing business clients a wider range of equipment leasing and financing options. For more information, please visit www.beaconfunding.com. ABOUT QUEST TOWNETWORK Quest Towing Services, LLC has been providing premier roadside assistance and claims management to the insurance and aftermarket industries for almost 30 years. For more information, visit www.questsoftware.com. The post Beacon Funding Partners with Quest TowNetwork to Launch Quest Roadside Rewards appeared first on Beacon Funding. View the full article on Beacon Fundings Blog
  4. Adding another revenue stream to your towing business could be just what you need to take things up a notch. Whether you’ve been in business for years or you’re just starting out, there’s bound to be a market you can tap into relatively easily. To get started on finding your next niche, take a look at the pros and cons of these four towing markets you might not have considered. Small Aircraft Recovery and Towing Luckily, plane crashes aren’t very common, in fact there are usually under 100 per year, but that doesn’t mean planes never need to be towed. From accidents to transport, the opportunity to tow planes is more common than you may realize. This might be just the occasional profit boost your business needs. Standard tow trucks should get most plane towing jobs done, but the type of truck will always depend on the size of the aircraft. For the most part, you should be able to handle the tow with a car carrier or heavy duty truck. You may need some additional tools, but you probably already have all the major equipment you need. Planes are complicated and surprisingly delicate pieces of machinery. To effectively tow an aircraft, you’ll need a certain level of knowledge. You may need to invest in some training before you can break into the market. In addition to being a rather complicated tow, you also have to remember that after an accident, everything is considered evidence. You’ll need to be adept at following procedures and handling potential evidence. Because of the increased complexity, you’re justified in charging more which is, of course, great for business. You’ll have to do some market research to figure out exactly what to charge for any given job and how to properly advertise your ability to respond to these situations. You’ll most likely be one of the few in your area, so competition shouldn’t be too tough. It’s also important to remember that you won’t be able to count on towing planes as a steady revenue stream. While it may be a helpful skill to have and a valuable service to offer, it won’t be your most called on service. Consider your proximity to airports and the amount of air traffic in your area before diving in. Car Shipping Every day, people find themselves needing to move their vehicles across the country without being the one behind the wheel. This is where you come in. Transporting cars across long distances might diverge from your typical day-to-day tows, but it can be a strong service to add. Car shipping is a pretty robust market with a steady number of customers making it a fairly reliable income stream to tap into and there won’t be much of a learning curve when adding this service. You and your drivers should already have all the towing skills you need. Once you have a large enough carrier to handle the amount of cars you want to transport per trip, you’ll be able to get going quickly. You will need to evaluate your logistical abilities. Transporting cars over a long distance requires some serious planning. From scheduling pick-ups and drop-offs to making sure the most efficient routes are followed, transporting vehicles can get complicated. You’ll need to find a way to stay highly organized and maybe even hire someone to handle this aspect of the business. On top of that, transporting a car across the country isn’t quite as quick as your average tow. You’ll need drivers that are willing to spend days and even weeks on the road at one time. Heavy Duty Towing Semis, buses, RVs, tractors, and construction equipment all need to be towed from time to time. Bigger machines and vehicles may be sliding under your radar, but it’s time to look into adding these towing services to your repertoire. Like with aircraft towing, the process can be more complicated and time consuming. Though it might mean you can only take a few jobs per day, you can usually charge more for your services. Before deciding to do heavy duty towing, you’ll need to decide if you’d rather do a few big jobs or lots of smaller ones. In order to start towing these, you may need to invest in the trucks that can handle the size and weight of the bigger equipment. Luckily, equipment financing makes it possible to afford the trucks you’ll need. Boat Towing With the summer winding down, people will be looking to get their boats moved into storage. A lot of boaters underestimate the skill that is needed to tow a boat safely leading to boat trailer breakdowns. Being equipped to tow boats and even boat trailers can come in handy at the beginning and end of summer. It can give your business a great seasonal pick-me-up. In addition to breakdowns, you’ll find that some people will want you to handle towing from beginning to end meaning you’ll need to know how to get a boat out of water. Special trucks with adjustable tongues, ramping equipment, and other tools may be necessary to properly get the boat out of the water and onto the road. It may be wise to do a little research and ask some veterans for tips. No matter which market you decide to break into, you’ll be on your way to growing your business. Don’t let a lack of equipment get in your way. Beacon Funding is ready to help you afford the trucks you need to tap into new markets. Head to beaconfunding.com to learn more. The post New Markets to Break Into: Towing Edition appeared first on Beacon Funding. View the full article on Beacon Fundings Blog
  5. No one ever said towing would be easy, but that doesn’t mean there aren’t a few tricks to make your day-to-day life more manageable. From eating better to organizing your cab, these tow tips outline simple improvements that not only help make things better, they can also keep you and others safe. Energy Boosting Snacks Energy drinks and potato chips might do the trick for an hour or two, but to sustain the energy you need to keep up your productivity, you’ll want to consider some healthy options. Don’t worry, kale chips and quinoa aren’t the only health foods. Try out a few of these quick bites when you’re feeling a little sluggish before a big job. Cheese, Crackers, and Pepperoni: Some low fat cheese, multi-grain crackers, and turkey pepperoni make a protein-packed snack sure to satisfy your taste buds and up your energy. Protein Bars: One little bar can pack quite a punch. There are countless options out there, so you’re bound to find something that tickles your taste buds’ fancy. Whatever you choose make sure it is loaded with “real” ingredients rather than added sugar, preservatives, and chemicals you can’t pronounce. Turkey Roll-Ups: These take a little more planning, but they’re certainly worth it. Grab some turkey, your favorite sliced cheese, and a dab of light mayo. Wrap it all up in a spinach tortilla, and you have a healthy snack to keep you running strong. Pair it with apples, bananas, and peanut butter to turn it into an energy boosting lunch. Backup Safety Bag The last thing you want is to get stuck in a tricky situation without the gear you need. Think about all the tools you use to keep safe, and imagine what would happen if some of it was suddenly out of commission. Not a pretty picture, is it? Pick up a cheap duffel bag and load it up with backup high-visibility apparel, a spare pair of boots, extra lighting, and any crucial tools. It might be a bit of an investment, but having peace of mind is worth the price. Get Your Gadgets in Gear Those high tech solutions that make your job so much easier can also cause danger on the road. Trying to juggle multiple devices not only distracts you from the road, it also wastes time. Do what you can to condense your tech into one device, but if you can’t do that, at least make sure each piece has a home in the car. A phone flying through your windshield will do nothing to make your work day easier. Look around for phone/GPS holders and grips that will keep your gadgets accessible, but not distracting. Keeping Paperwork Organized From invoices to gas receipts, it’s easy for your cab to turn into a paper warzone. With a cheap accordion file and some dedication, you can quickly turn things around. Label each slot of the file with a type of paper you often find in your truck. It will take time to get in the habit of filing things right when you get them, but eventually it will be second nature. Getting things in order and breaking the habit of tossing papers up on the dash might take a while, but it’s worth the effort to have a clean truck and to stop wasting time digging around for that lost invoice. Co-Pilot Safety You know the road can be dangerous, so you always buckle up, but what about your tow dog? Whether you or your company have a furry friend that likes to come along for rides, it’s important to have the right gear. A simple pup seatbelt harness keeps you and your dog safe. Fido won’t be able to jump on your lap mid ride, and you’ll be able to focus on the road without giving up your furry co-pilot. The post Top 5 Tow Tips for Making Your Workday Better appeared first on Beacon Funding. View the full article on Beacon Fundings Blog
  6. Beacon Funding’s Chief Operating Officer, Mark Belanger, is featured in the May issue of American Towman magazine. The leading tow truck financing company is proud to have Belanger’s expertise shared with business owners across the country in a well-known and respected trade publication. “The opportunities that equipment financing creates are worth talking about, and I see it as my duty to inform small business owners across America,” said Belanger. “American Towman graciously gave me an incredible platform, and I jumped at the chance.” The article, Growing with Equipment Financing, explores the various ways that truck financing can help towing businesses grow. Topics covered include: Lease-to-Own Financing Agreements Flexible Financing The full article can be viewed here—flip to pg. 20 to read Belanger’s article. With over a decade in the leasing industry, Belanger has a deep understanding of both the industry and the business owners seeking financing. He is committed to sharing the information he has accumulated and hopes that it helps business owners find the best financing options for their businesses. Belanger’s work with American Towman speaks further to Beacon Funding’s dedication to providing businesses with helpful, accurate, and interesting information related to the equipment financing process. You can find more articles by Beacon’s financing experts in top publications throughout the industry. To stay up-to-date with Beacon Funding news and articles, be sure to follow us on Facebook and check blog.beaconfunding.com regularly. ABOUT BEACON FUNDING CORPORATION For 27 years, Beacon Funding Corporation has been providing equipment financing solutions to all types of organizations and businesses throughout a variety of industries in the United States. Beacon Funding focuses on being a specialist in the select markets it serves. As a result, Beacon differentiates itself by offering start-up and existing business clients a wider range of equipment leasing and financing options. For more information, please visit www.beaconfunding.com. The post Beacon Funding COO Featured in American Towman Magazine appeared first on Beacon Funding. View the full article on Beacon Fundings Blog
  7. Tired of the radio? Need a playlist remix for those long jobs? We’ve got you covered! This playlist features songs that make time go by a little faster while driving from job to job. But don’t let the title fool you; these tunes aren’t just for towers! Anyone that spends their day out on the road will enjoy this list. From rockin’ anthems that everyone can sign along with, to oldies that pay homage to life on the road, you’ll find it all here. So buckle up and enjoy the next hour on the road listening to some great tunes. The Top Ten 1. On the road again –Willie Nelson, 1980 Nelson might be singing about life on tour, but it sure does speak to towers and truckers. Top Tow Lyric: And I can’t wait to get on the road again 2. I’ve Been Everywhere—Johnny Cash (written by Geoff Mack), 1996 Fun Fact: this song was originally written for Australia and called out major Australian cities. It was changed to appeal to a North American audience and was eventually covered by Cash. We try not to pick favorites, but there’s nothing like singing along with Johnny Cash as he calls out your city. Top Tow Lyric: Travel, I’ve had my share, man/I’ve been everywhere 3. Truckin’—Grateful dead, 1970 This one’s for all you Deadheads out there. Truckin’ really speaks to life on the road and reminds everyone to think about the journey they’ve had. Top Tow Lyric: What a long, strange trip it’s been 4. Talladega—Eric Church, 2014 Any NASCAR fans out there? Church pays tribute to the sport’s Talladega Superspeedway and living your life in the present, but still remembering the good times. Top Tow Lyric: Most days in life don’t stand out,/But life’s about those days that will 5. Somethin’ ‘Bout a Truck—Kip Moore, 2011 Anyone who grew up in the country will love this song, and you city-slickers won’t be able to keep from tapping your toe. It’s perfect for those times when you’re feeling a little nostalgic for the summertime. Top Tow Lyric: Nobody’s gonna get hurt, so what’s the big deal/ Somethin’ ’bout a truck in a farmer’s field 6. Life is a Highway—Rascal Flatts, 2006 Yes, the song is originally by Tom Cochrane and this version was done for a Disney movie, but we can’t help but be partial to it. After all, Flatts has a great voice to listen to on the highway. Top Tow Lyric: There ain’t no load that I can’t hold/A road so rough this I know/I’ll be there when the light comes in/Tell ’em we’re survivors 7. Born to be wild—Steppenwolf,1968 This classic is exactly what you need after a hard tow. It’s easy to sing along to and perfect for some epic steering wheel drumming! Top Tow Lyric: Get your motor runnin’/Head out on the highway/Lookin’ for adventure 8. Broken Record—Neal McCoy, 1997 It might be a little corny, but this good old country song is easy listening. Top Tow Lyric: I’m like a broken record/A big ol’ tow truck wrecker/Couldn’t pull me out of this groove 9. Little Pink Mack—Delilah Dewylde and the Lost Boys (Originally by Kay Adams, 1965) This catchy tune is a tribute to all the female truck drivers out there. Kay Adams was one of the first female singers to talk about women on the road. Top Tow Lyric: But don’t let the size fool you/Man, I can take care of me/When you see a flash of pink go flyin’ by/The next thing you know/There’s a taillight in your eye 10. Highway To Hell—AC/DC, 1979 It’s pretty much the ultimate driving song. Nothing beats belting out Highway To Hell while rolling down the road after the last job of the day. Top Tow Lyric: Asking nothing, leave me be/Taking everything in my stride/ Don’t need reason, don’t need rhyme/Ain’t nothing I would rather do Ten more tow tunes to enjoy: 1. Hit the Road Jack—Ray Charles 2. Mustang Sally—Wilson Pickett 3. I Can’t Drive 55—Sammy Hagar 4. Fuel—Metallica 5. Running on Empty—Jackson Browne 6. Route 66—The Rolling Stones 7. Thank God For the Radio—Alan Jackson 8. Take it easy—The Eagles 9. Truck Driving man—Dave Dudley 10. Motor City Madhouse—Ted Nugent The Complete Towing Tunes Playlist To listen to the full tracks, follow Towing Tunes on Spotify. Bonus: Need a break from rockin’ out? We’ve included two podcasts for you to check out! The Trucking Podcast Listen to a father-and-son trucking duo talk about all things automotive. Get some tips and news with a whole bunch of entertainment thrown in. Let’s Truck with Kevin Rutherford This podcast is geared towards long-haul trucking, but towers of all kinds can learn a little about the industry and the vehicles from Rutherford. The post Towing Tunes: 20 Songs to Pump You Up While on the Road appeared first on Beacon Funding. View the full article on Beacon Fundings Blog
  8. Let’s face it, towers aren’t known for their cleaning skills. Unless you’re lucky enough to have hired Mr. Clean or Martha Stewart, you’re probably struggling to keep your fleet clean, organized, and in tip-top shape. If it was just a cubicle or your own home, the mess wouldn’t be a huge deal, but you’ve invested big bucks in your trucks and they deserve some respect, especially from your towers. Sure, you’ve asked your team to keep things tidy and take inventory, but in the daily rush it rarely gets done. But enough is enough; it’s time to get organized and that starts with you. Here’s exactly what you need to do to whip your team and trucks into shape: Craft a Detailed Handbook You can’t expect your drivers to read your mind (and do you really want them to?). A simple handbook is the easiest way to communicate policies and procedures. Include exactly what you expect of them when it comes to cleanliness. Pictures of what trucks and tow boxes should look like can work wonders. Also include the consequences of leaving trucks unorganized. Providing a handbook to every tower means they will no longer be able to claim they didn’t know the rules. If their cleaning skills aren’t up to snuff, they can’t blame you for not telling them what to do. It makes your standards clear and sets everyone up for success. Handy-Dandy Checklists One of the best ways to keep everyone organized and on the same page is to employ pre- and post- call checklists. These checklists require towers to go over their truck, piece-by-piece and check if all parts are clean, organized, and operational. After everything is in order, they sign-off on it and turn the checklist over to the manager. You really have two options when it comes to timing. You can either require your team to complete the checklist at the beginning and end of each day, or before and after each job. Which you choose will depend on the size of your fleet, the number of towers, and the amount of jobs done each day. It may sound like a lot of work, but once everyone gets into the routine, it’ll become second nature. Give and Take A sure-fire way to encourage your towers to keep track of their equipment is to charge them for lost tools. No employee wants to pay their employer; that’s just plain backwards. If they know there is a consequence for not taking care of equipment, they’re more likely to treat it like precious cargo. On the flip side of that coin, it’s also important to reward the guys and gals that are keeping up with cleaning and organizing. Make note of who’s putting in the effort. A small bonus is all the incentive they’ll need to break out the hose and rag. Label Everything Start out the organization and cleaning process on the right foot by taking a thorough inventory. Once you know exactly what you have, go through and label with either the truck name or tower’s name that it will stay with. Since equipment can take a beating out on the road, invest in some heavy duty tags that can’t be ripped off, or mark the equipment and the truck with corresponding spray paint. Being able to easily tell what goes where will alleviate some of your biggest organizational headaches. Surprise! Keep your towers on their toes. Do surprise truck checks and review the cab and the body. A dirty truck means some kind of consequence; a clean truck earns a pat on the back. Keeping the checks random ensures you get an honest look at how the trucks are being taken care of and they also keep your towers from getting to lax on their cleaning. Talk about a win-win. Cleaning Time To make these tips really work, you need to allot the crew an appropriate amount of time to tidy up their trucks. It might take some trail-and-error to work cleaning into the schedule, but it’s 100% worth the hassle. Start out with more time and shorten it as your towers get better and better at staying organized. You might also want to set aside time weekly or monthly to do a deep cleaning of the truck to make sure they’re always nice and sparkly. It’s Worth It Remind your towers that all this effort does more than just keep the trucks running well, it also makes tows go smoothly and keeps customers happy. Even if a customer doesn’t remember a clean truck, they’ll certainly remember a dirty one, and not in a good way. The post Keeping Tow Trucks Tidy: 6 Tips and Tricks appeared first on Beacon Funding. View the full article on Beacon Fundings Blog
  9. A certain kind of magic surrounds the weeks that separate fall and winter. This magic comes in the form of crunching leaves underfoot and a slight chill in the air. A sense of complacency is induced, and it becomes hard to imagine a harsh winter lurking around the corner. Eventually the magic brakes, snow and ice begin to cover the ground, and the phone starts ringing. From spin-outs to vehicles deserted in snow storms, you’re suddenly up to your knees in snow and work. Because of fall’s magic complacency you aren’t as prepared as you would like. Year after year this cycle repeats and winter rears its ugly head before you’re ready. It’s time to break the spell and get ready now. Start preparing for the fast approaching winter towing by following these expert tips: Suit Up When you are focusing on equipment and incoming jobs, it’s easy to forget the importance of proper winter clothing. Without insulating jackets and heavy-duty boots, towing becomes even more dangerous. The gear you need depends on location. For colder climates with harsh temperatures and heavy snows, a thick coat or parka is a necessity. Working long hours in the snow is a recipe for hypothermia, but insulating clothes help. It is also important to get waterproof boots with top-notch traction. They’re a life-saver on ice. More temperate climates don’t require as heavy of clothing. Good quality rain jackets to keep you dry and break the wind should be enough. Galoshes and even waterproof bibs come in handy during intense rains or flooding. While thickness and water resistance vary based on location, one thing remains the same; gear needs to be bright and highly visible. ANSI Class III garments are best. They may be a bit pricey, but in poor weather conditions with low visibility they keep you safe. Ready the Trucks Whether you are battling below zero temps or mountains of snow, your truck needs to be ready to fight back against the elements. There are several things you can do to get ready. Here are just a few: Check your tires. Warn and bald tires will not have the traction you need to stay steady on icy roadways. Protect yourself from skids and accidents. Don’t forget to check your spare tires, too. You’ll want them to be ready for action at a moment’s notice. After all, you don’t want to be the one in need of towing. Give your trucks a thorough inspection. Check the engine, coolants, battery, and brakes. If something needs fixing you want to know about it ASAP. Dealing with repairs in the winter cuts into time that could be spent working. Continually monitor the performance of your trucks. At any sign of disrepair, take a look. When it comes to winter towing, it’s better to be safe than sorry. Get the Proper Equipment Winter is an incredibly busy time for the towing industry. Drivers are usually unprepared for winter driving and are in constant need of towing. One of the best steps you can take to prepare for winter is to upgrade equipment or grow your fleet. By doing this, you ensure you have the ability to take as many calls as possible and will always have a truck ready. You never want to have to turn down calls because you don’t have enough trucks. This may sound like a lofty idea, but it isn’t as out of reach as you think. Financing equipment allows you to prep for winter while on a tight budget. Since a lot of profit comes in when snow hits the ground, financing lets you get the equipment you need and pay for it as it generates profit. The benefits of financing don’t stop there. Getting equipment through financing offers distinct advantages. The two most enticing benefits may be the potential tax savings and the ability to maintain cash reserves. The tax savings available through financing equipment save customers thousands and thousands of dollars. This is possible thanks to the Section 179 tax deduction. Through Section 179, you are able to deduct all or part of the price of financed equipment. This results in hefty savings that would not be possible if bought with cash. Maintaining cash reserves is an integral part of running a successful business. It offers stability in times of emergency and allows for fluctuation in cash flow. By purchasing a truck with cash, you eat up your reserves leaving yourself vulnerable. If the equipment doesn’t start generating immense profit immediately, you have no backup cash. With financing, you are often able to put no money down or defer payment. This allows your equipment to start bringing in profit before you start paying for it. In essence, the truck pays for itself. To get started with financing, contact a qualified equipment lender today. You’ll get your equipment in time for the first snow and be ready to hit the icy ground running. In the end, it’s up to you to break fall’s spell and get ready for a profitable winter. Let the dropping temperatures and the growing winds serve as your reminder to contact a qualified equipment leasing company and get your fleet ready to take on anything. The post Gearing Up for Winter: Tips for Towing During the Winter Months appeared first on Beacon Funding. View the full article on Beacon Fundings Blog
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