There are times when buying laundry equipment outright is not the most suitable option for a business; we have a range of customers who lease our commercial equipment over a 2-5 year period.
The advantages of leasing equipment are that you are supplied the latest equipment and a full maintenance contract to maintain parts and labour for the machines throughout the lease period.
The main advantage, apart from the capital outlay, is that a business will have access to the very latest cleaning technology and state-of-the-art commercial laundry technology without having to set aside the capital that would be necessary to keep up with the latest commercial dishwashing equipment innovations.
A business’ operating budget can be used rather than its capital budget, thereby overcoming cash-flow concerns. Our leasing partners usually offer a range of structured and tailored packages which will meet any budget requirements and satisfy the needs of any business, including new starts. The fluctuations in interest rates are also avoided by leasing or renting rather than borrowing to buy – when it comes to the term of the contract, the monthly fee will be fixed.
All leased equipment can, of course, be offset against tax, which is another big advantage of leasing. All types of equipment can be leased, and businesses can also lease all the fixtures and fittings. Sole traders, as well as partnerships and limited companies, can all benefit from leasing their equipment.
At the end of the lease period, you will have the following options: