RALPH COPE
Accounting for Leases in South Africa after Jan 2019
In the past, the accounting treatment of operating and capital leases was very different. In short, operating leases were off-balance...
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RALPH COPE
Nov 3, 20205 min read
Understanding the Leasing of Heavy Equipment
In 2013 I ran the New York marathon for a charity that provides free financial education to the Mexican community living in New York. The...
RALPH COPE
Nov 2, 20203 min read
Six Ways to Reduce Your Monthly Fuel Bill
Any business operating heavy machinery knows that their fuel bill makes up a big chunk of their total monthly expenses. The objective of...
RALPH COPE
Nov 2, 20202 min read
Three Ways to Reduce Maintenance Costs on Heavy Machinery
Keeping costs under control in any business is a good strategy. In the heavy machine industry, one of the single biggest expenses...
RALPH COPE
Nov 2, 20203 min read
3 Reasons You Should NEVER Pay Cash for Your Heavy Equipment
In business, there are three things you should always do without thinking. Firstly, manage your cash. Secondly, talk to your customers...
RALPH COPE
Nov 1, 20204 min read
Should You Rent or Buy Heavy Equipment?
The world's concept of ownership is changing. South African companies have traditionally purchased yellow metal equipment outright. There...
RALPH COPE
Oct 31, 20203 min read
How to Extend the Life of Your Excavator
An excavator, or any large piece of heavy equipment, is a major capital asset for any business and the objective is to extract as many...
RALPH COPE
Oct 31, 20207 min read
Calculating the Total Costs of Owning and Operating Machinery
Before making any decisions on owning/renting/hiring heavy machinery, you need to understand the costs. In this blog, we are going to...
RALPH COPE
Oct 30, 20203 min read
A Look into the Machines of the Future
We are living in an age of technology and innovation. The trend is being driven by Silicon Valley which is shaping the future of mobility...
RALPH COPE
Oct 30, 20203 min read
7 Benefits of Plant Hire
If heavy machinery is an important part of your business, you are faced with the choice of either buying, entering into a long-term...
RALPH COPE
Oct 29, 20203 min read
A Guide to Earthmoving Equipment
You would be hard-pressed to find a more powerful image than moving the earth. If you Google the words “earth moving” you will find...
RALPH COPE
Oct 28, 20205 min read
A Beginner's Guide to Excavators
Vikfin is a specialist in excavators and used excavator spares. This is a simple primer on the basic things you need to understand about...
RALPH COPE
Oct 28, 20203 min read
7 Factors to Consider when Buying a Used Excavator
At Vikfin, we are specialists in excavators. If you are in the market for a second-hand excavator, we have prepared a quick checklist of...
RALPH COPE
Oct 27, 20203 min read
Short Guide to Buying Used Heavy Machinery
Let's assume that you are in the market for a used machine. In the same way that there are lots of lemons out there that will leave you...
RALPH COPE
Oct 27, 20205 min read
10 Things to Look for When Buying a Used Machine
Here are ten things you need to look out for when buying used heavy equipment (source: https://thompsontractor.com/about/resources-(1)/us...
RALPH COPE
Oct 27, 20202 min read
Understanding Vikfin's Rent-to-Own Heavy Equipment Finance
Vikfin’s rent-to-own equipment finance is perfectly suited for small to medium-sized growing businesses because it offers three major...
RALPH COPE
Oct 25, 20204 min read
Outlook for the South African Construction, Agriculture and Mining Sectors
Vikfin operates predominantly in the construction, agriculture and mining sectors. We therefore pay close attention to factors that...
RALPH COPE
Oct 19, 20204 min read
New versus Used Heavy Equipment – Make Sure You Have all the Facts before Pulling the Trigger
Each purchasing route has its pros and cons. In this blog, we will break down the pros and cons of each option to help you make the best...
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