Outfitting a workshop with the right tools and machinery can be expensive. Businesses across a range of industries are discovering the benefits of Rent to Own options, and our industry is no different.
Leasing to own basically means hiring the machine for a specified contractual period and then having the option to own the machine at the end of that time. It makes financial sense, it makes industrial sense, it makes sense every way you look at it. Need more convincing? Here are the top 5 reasons why renting to own could very well be the ideal solution to outfitting your workplace with the latest machinery.
With lease to own options, you’re not going to be handing over huge amounts of cash to buy equipment only to find out it wasn’t the right tool for the job.
If you decide to change your work scope, either downgrading or upgrading or starting a whole new chain of operation, you’ll always have exactly the right amount of machinery.
Leasing to own spreads your expenditure over a specified time period. Think of it like a lay-by, except you get to use the equipment while you’re paying for it.
Keeps Technology Up to Date
As a more financially flexible option than buying outright, lease to own allows you to obtain the latest technologies and keep up to date with industry developments.
Security and Technical Support
With lease to own, you can take advantage on ongoing technical support and service to ensure your machinery is always operating to its full potential, as well as help solving any problems even before they arise.
FINANCIAL BENEFITS FOR LONG TERM LEASING INCLUDE:
• No large up-front payment.
• No need for additional financing.
• Fixed rental payments for simplified budget planning.
• Payments can be 100% tax deductible*.
• Eliminating overhead costs associated with ownership#.
• Maintain business income without affecting your capital expenditure budget.