Leasing Floor Care Equipment

When building service contractors land a new account and need new equipment to service it, spending $10,000 per machine may not be financially viable. One way to ease that burden is to lease the equipment. While a bank’s interest rate may be lower, leasing firms typically don’t require financial statements or a down payment to get started.

The final cost of equipment will be higher through a leasing program than if purchased with cash, but smaller payments spread out over a period of time can help with cash flow and allow BSCs to invest in other areas of the business.

Leasing payments can also be considered a tax write off.

The next time new, high-priced equipment is needed, ask a distributor if leasing is available. It may be a more affordable option.