Poll: Contractors Paying Cash for New Equipment Over Borrowing

July 11, 2024

Though financing remains a popular option, cash is king for contractors currently looking to purchase new construction equipment. A recent website visitor poll from Equipment World found cash to be the most popular purchase method, with 43% of 1,075 respondents saying it’s how they typically pay for new equipment. Financing followed at 31%, and “other” at 8%. This survey was conducted from May 22 to June 18. No other answer for the poll was chosen by more than 5% of respondents, including purchase option lease (5%), rental purchase option (5%) and lease-to-own (3%). Seasonal lease was the least popular payment method, typically used by only 2% of respondents.

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