FundRobot » Bond Funds » how can I use surely bonds as down payment on const. equipment?

Reply
Old   #1 (permalink)
 
Posts: 2,555
Default use surely bonds as down payment on const. equipment

using surely bonds as insuring payment .

TodayIBUY is offline   Reply With Quote
Old   #2 (permalink)
 
Posts: 2,557
Default use surely bonds as down payment on const. equipment

I think you mean SURETY. You don't. The surety bond is money pledged (by you or another party) saying if you do not pay back the money you borrowed, the funds in the surety bond will be used to pay the debt.

You have to come up with the down payment on the equipment yourself. {your own money, or borrow it.}

or ... I suppose the equipment dealer could accept the surety bonds, while writing a contract that you would pay 100% of the cost of the equipment. If you fail, they repossess the equipment, keep the $ you paid them, and if necessary keep some or all of the $ from the surety bonds. [to cover for the depreciation on the equipment while you had it, etc] {If you fully pay the contract, then the surety bond holder gets their money back.}
NewTech0 is offline   Reply With Quote
more..
Reply

Bookmarks

Thread Tools