North Mill Equipment Finance
June 29, 2015    |    Issue 5     

Identifying Trending Sectors: The Market Outlook for the U.S. Long-Haul Transportation Sector



Leaders in today's long-haul trucking industry have emerged from the "Great Recession" stronger than ever, analysts say. Although the industry continues to face some challenges, it's making great strides in many areas, including implementation of innovative strategies to retain drivers, along with growing adoption of money-saving alternative fuels. Read More >>


Grow Your Business

SHOULD YOU BUY NEW OR PRE-OWNED? A GUIDE
North Mill Equipment Finance

There is no "right way" or "wrong way" when it comes to purchasing equipment. For some people, pre-owned may make the most sense depending on exactly what they're trying to accomplish. For others, new equipment may be ideal because it's a decision that lines up better with their long term goals. Read More >>




POWER UP YOUR PROSPECTING: PART V
North Mill Equipment Finance

Look up "prospect" and you'll find "someone or something that is likely to succeed or be chosen." But that may not be how you feel when you're looking at making cold calls to set appointments, and the phone weighs 50 pounds. Read More >>




CHOOSE YOUR EQUIPMENT APPRAISER WISELY
Equipment Finance Advisor

Having spent a couple of years as an equipment manager for a northeast Ohio-based bank, and having previously been an equipment appraiser, Joseph Santora has seen more than his share of appraisal reports. And he'll be the first to tell you that the quality of equipment appraisals can range from "excellent" to "absurdly bad." Read More >>




INSIDE THE TOP SECRET PLAN TO REVIVE US MANUFACTURING
The Huffington Post

Did you know the U.S. government has rolled out a big new federal program to revive the U.S. manufacturing sector? The proposed budget for this new effort now surpasses $2.4 billion, and, surprisingly, it has received a level of bipartisan support that hasn't been seen for years, if not decades, for manufacturing. Read More >>




INDUSTRY LEADERS SEE 2015 'ON TARGET'
Equipment Finance Advisor

Equipment Finance Advisor brings together a panel of four industry leaders to share their impressions as to how the industry is faring thus far. In general, they share the view that 2015 has proven to be a strong year with the most notable weakness seen in the energy equipment sector. Read More >>




HOW TO DETERMINE WHICH VEHICLE FINANCING OPTION IS APPROPRIATE
Vehicle Service Pros

Whether financing equipment through a lease or loan, each has its advantages. William G. Sutton, CAE, president and CEO of the Equipment Leasing and Finance Association, advises considering the following questions to help determine the most appropriate option. Read More >>




WHICH SOCIAL MEDIA SITE SHOULD YOU BE USING?
MultiBriefs

Let's face it. Social media, when done well, takes a lot of time. And most of us are doing this with a small team. To get the biggest ROI on your social marketing, you need to be honing in on the platforms that move the needle for you. So learn once and for all what the best social media site is for your business. Read More >>


HELP YOUR DEALERS SELL MORE PRE-OWNED CONSTRUCTION EQUIPMENT
Construction equipment dealers are often left with “old friends” on the lot – pre-owned equipment that may be refurbished and good as new, but moves more slowly because the shiny new equipment may be more appealing or come with manufacturer incentives. But, even with manufacturer incentives, not every customer can afford brand new equipment.

North Mill is now making it easier for Referral Agents to level the playing field for customers who prefer used construction equipment by expanding eligibility for qualified assets. Effective immediately, eligible used construction equipment has been increased to 15 years old or 15,000 hours of use..

For more information on the upgrade, please contact your North Mill Account Manager or Don Cosenza at 203-354-6018 or email dcosenza@northmillef.com.
Used Construction
Equipment Eligibility
  • Approved pre-owned construction equipment

  • Up to 15 years old

  • Up to 15,000 hours of use

  • WHICH TYPE OF EQUIPMENT DO MOST OF YOUR CUSTOMERS REQUEST?

    Select all answers that apply:
    Transportation
    Agricultural
    Construction
    Materials handling
    Medical
    Manufacturing
    Other
    Submit Answers >>

    APRIL SHOWS CONSISTENT GROWTH IN EQUIPMENT
    After a strong first quarter, April continued the trend of equipment finance companies taking advantage of available liquidity and providing an abundance of equipment.

    Overall new business volume in April held steady at $8.2 billion. Read More >>

    For more information on articles in The Compass, or if you're interested in learning how to become a North Mill Referral Agent, please email Don Cosenza at dcosenza@northmillef.com or call 203-354-6018.


    This newsletter includes links to other websites and the content within. The articles that link outside this newsletter have not been generated by, nor are they endorsed by, North Mill Equipment Finance. The aggregated content is simply intended to provide direct access to information that a Referral Agent may find useful.

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