Benefits of equipment leasing

2007-03-08 10:33:40

( Real Estate )



Having antiquated equipment is the fastest way to lose clients. But buying equipment might not be part of your budget. An alternative would be to lease equipment.

Equipment leasing works this way. The equipment leasing company buys the equipment that you need. They then "rent" or lease this equipment to you for an agreed period of time. This saves you from spending for the equipment at one time. You just spend only for the monthly lease fee which would definitely be a fraction of the price. Your agreement could also include upgrades or replacements should it be needed. After a given time, the equipment that you're leasing could also be owned depending on your agreement.

If you're in construction, you could get into construction equipment leasing or heavy equipment leasing. Most of this equipment are really expensive and you would be better served if you use your cash flow in other ways.

If you have your own medical practice, you could give medical equipment leasing a try. It's better to use your resources for other areas like research and development rather than equipment purchase.

For an office, you could lease computer equipment, go into photocopier leasing or office equipment leasing. You all know how fast technology changes and you don't want to be stuck with old, defective equipment. Equipment leasing would ensure you don't get stuck with white elephants and that you're always up to date and current. You don't get stuck with assets that depreciate over time.

Just one word of advice, though, always check the fine print. There are a lot of equipment leasing companies around. Shop around. Compare prices and deals. Ensure that you are getting what you pay for. Companies might advertise free upgrades or free replacements but charge you hidden fees. Make sure your contract clearly states your benefits.


All rights Reserved © Tradenet Services srl
Do not duplicate or redistribute in any form.