The Federal Reserve Bank approved its first interest rate hike since December 2018 at their meeting in March. The interest rate hike was 0.25%.
In an effort to fight inflation, the Fed indicated an aggressive path ahead, indicating that there will be rate rises at each of their six remaining meetings in 2022.
Additional rate increases are expected in 2023 as well. At least two of them. Of course, things can change in the economy, and the Fed may amend their strategy. But the overriding consensus is that we are looking at a future of higher interest rates.
How are you positioning yourself in this economic environment?
Despite the rate increase in March, rates are still relatively low right now. It makes perfect sense to lock in that Low Payment now before the rate hikes occur later this year.
Unlike credit card debt, or adjustable mortgages, financing commercial equipment with Acceptance Leasing and Financing provides a fixed rate, and locks in that rate for the life of the financing contract.
Along with the peace of mind that a fixed rate provides, there are no follow-up financial requirements. Once you’ve been approved and your transaction has been funded, no additional reporting of any kind is needed.
We finance new or used equipment, and offer a number of programs to fit your situation. From “application only” to a seasonal payment schedule, we tailor the financing to suit your needs.
Feel free to contact us at 412 262-3225 to learn more.
Acceptance Leasing and Financing Service is celebrating its 30th anniversary this year. Established in 1992 by Carl Villella, we pride ourselves on our Certified Leasing and Financing Professional designation. A member of SBCA and a frequent attendee of the BCMC trade exhibitions, Carl knows the equipment of the component manufacturing industry and is ready to assist you with your financing needs.