What a great year to buy new equipment for your business. Granted, many companies and many people are struggling, but there are some great incentives to buy new business equipment in the year 2008 (like Section 179 of the Federal tax code- businesses that spend less than $800,000 a year on qualified equipment, can write off up to $250,000 in 2008 compared to $125,000 in 2007). If your business is in a good position or simply needs to buy some heavy equipment like an excavator, bulldozer or backhoe, then buying off-lease equipment is the way to go.
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