Mining Magazine August 2014 | Page 32

Finance
Buying new equipment will provide significant savings later on

‘ To save on costs , the best tip to financing equipment is purchase new . New equipment offers lower maintenance costs and usually warranties that protect against largest unexpected repairs ’ in order to terminate a lease .

Another tip for financing equipment is take caution with ‘ net leases .’ These agreements require buyers to pay all taxes , insurance premiums , maintenance costs and other expenses associated with owning mining equipment .
To save on costs , the best tip to financing equipment is purchase new . New equipment offers lower maintenance costs and usually warranties that protect against
32 A ugust 2014