Open
6
Jan

5 Benefits Of Leasing Construction Equipment

Share Us On:



Leasing equipment seems to be the way more construction companies are going, and there is a good reason why. Total ownership cost is less Leasing equipment does wonders for cash flow. There is no need for a sizeable down payment, as is the case when buying equipment. Down payments are rarely asked for with lease agreements and monthly payments are more manageable, and that is a bonus for any construction company. And any equipment you’re leasing can be taken off your assets list and moved onto a balance sheet as a monthly expense. This will be quite helpful come tax time. The flexibility factor There may be times you’ll need a piece of equipment just for one particular job, so buying something that you may not get full use out of really doesn’t make sense. A lease agreement can provide you with choices – you can choose a term that…

Read More
0
Comments


17
Oct

Best Leasing Options For Construction Equipment

Share Us On:



When it comes to leasing heavy equipment, you have more options than you probably realize. If you’re thinking of buying new or used equipment, you’re going to need pretty deep pockets. Heavy construction equipment is expensive and will definitely dam up your cash flow. To save money and to preserve your positive credit history, leasing may be the way to go. Whatever you decide, make sure you’ve weighed all the options and have discussed them with professionals in the leasing industry like the experts at Truck Loan Center. You can even work with a lender to fashion a customized lease that includes specific terms and payment options just for your needs. Some of the most popular lease choices include: Lease to own; Fair market value; Line of credit lease; Sale leaseback; and Stretch lease. Lease to own. If you’re pretty sure you’re going to want to buy the piece of…

Read More
0
Comments


3
Oct

Making A Lease-Purchase Work For You

Share Us On:



Construction companies are no strangers to using huge pieces of equipment. Figuring out the best way to finance machinery is part of the overall workings of these companies. If you look at the overall picture of your company, you might decide that lease-to-purchase may be the right option for you. The bottom line is running your business in the most cost-efficient way possible. “New” May Not Be A Gold-Paved Road Smaller companies may be hard-pressed to be in a position to buy new equipment and financing new purchases may not be an option for you right now. Larger outfits need many pieces, so they too may opt to lease or rent. Things To Ponder How Much Available Cash You Have — Your bank account needs to be pretty healthy to purchase new equipment. And if you’ve got most of your capital tied down in new equipment, you may run into…

Read More
0
Comments