I have a question for all those that started a CNC shop. When you purchased your first new machine how did you go about financing it? Did you save until you could pay cash? Did you put a large percentage down and finance the balance? If you financed the purchase was it through the manufacturer?
The reason I am asking is this. I am planning on starting my shop in the next 12 monthes and am looking at purchasing a Haas Mini Mill 2 as my first machine. The shop will be in my garage to start out. I could buy the machine outright if I had to. However, I would prefer not to bldow so much capital up front. I also like the idea of building a favorable credit history for the new venture.
Thanks in advance for your insight.
The reason I am asking is this. I am planning on starting my shop in the next 12 monthes and am looking at purchasing a Haas Mini Mill 2 as my first machine. The shop will be in my garage to start out. I could buy the machine outright if I had to. However, I would prefer not to bldow so much capital up front. I also like the idea of building a favorable credit history for the new venture.
Thanks in advance for your insight.