| September 27 , 2005 |
Your newsletter for tips on selecting manufacturing technology.
Online Product Demonstration
If you are considering a shop management and control solution, take a
close look at the industry leader: JobBOSS. Click here to view a FREE 10-minute audio overview or interactive demo. If you have any questions, you can speak with a JobBOSS representative at 800-777-4334
Tips on Selecting
When comparing loan versus leasing options, consider length of ownership, cash flow, tax incentives and ability to obtain financing. For long-term ownership, seven years or more, a loan is usually the best choice since equipment is an asset and offers equity value. For short-term use, three years or less, equipment can be easily upgraded to meet changing needs with a lease. If cash flow is tight, a lease may also be the better option, even if long-term ownership is planned. A lease requires no down payment, provides an immediate write-off of the dollars spent, and soft costs—such as installation and training—may be included in the finance agreement. Be wary of oral agreements, and be sure to understand the provisions in a contract before signing it.
Recent changes in the tax code and segregating assets for tax purposes allow for accelerated depreciation of certain assets, resulting in a considerable tax savings. Where a shop is located can qualify it for a number of local enterprise-zone credits and incentives. Small businesses may also receive incentives. Those that qualify are eligible for several Small Business Administration (SBA) loan programs.
Mitsui Seiki's Vertex 550-5X is the new machine with Mitsui's legendary precision, a compact footprint, ample work envelope for complex parts, and a competitive price.
LMC'S Neidlein face drivers allow the entire OD of a workpiece to be machined in a single operation which helps increase productivity, quality and cost efficiency.
Banner's EZ-SCREEN Guarding System guards areas and perimeters without a controller and starts at only $795.
Check it out
American Machinist is pleased to announce the re-launch of americanmachinist.com. The site is faster, easy to navigate and more information then ever before.
Manufacturing Education and Training
Industrial Hydraulics, and Election Drives and Controls
Coming in October: AMERICAN MACHINIST will focus on Toolholding.
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