Having access to the newest types of machinery will keep you on the edge of technology and will allow you and your employees to complete complex projects. Encountering cash-flow issues can limit your ability to acquire the necessary machinery. Leasing equipment is a feasible way to obtain the machinery that you need, and at the end of your lease you can turn the equipment back in or purchase it.
You Won't Be Responsible For Repairs
Small and large equipment can be leased, and leasing terms include a set number of months that you will be able to keep each item that you select. One of the greatest benefits of leasing equipment is that you won't be responsible for having machinery serviced. This will greatly reduce work-related injuries that could result from operating a machine that has mechanical issues.
If a piece of equipment won't turn on or doesn't seem to be operating in its usual manner, call your leasing agent to report the issue. The machinery will be inspected and serviced, or you can exchange the leased item for another model that is similar.
Large Ticket Items Or Accessories Can Be Obtained
Provide a leasing agent with information about your business and the machinery that you and your workers would benefit by having access to. Excavators, backhoes, bulldozers, and trenchers are some of the large pieces of machinery that can be leased.
Smaller machinery, including edgers, paint guns, drum rollers, and hand tools can also be obtained through a leasing agent. There is no need to put up collateral prior to obtaining approval and typically all credit scores are considered, so don't let your lack of credit or the fact that you have some negative marks on your credit report stop you from seeking leased equipment.
Items Can Be Returned Or Kept
During the time that you have an active lease, you won't be pressured to keep a particular item if you are not pleased with how it operates or if you have determined that your needs for the item have changed. If you are not satisfied with the performance of a type of machinery, contact your leasing agent to inquire about exchanging the item.
At the end of your lease, any pieces of equipment that you previously acquired need to be returned. But, if some of the equipment has helped you and your workers out tremendously and you do not want to lose the materials, you can purchase the equipment outright.
For more information, contact a company such as LeaseSource.