Why You Should Lease Commercial Appliances Instead of Buying

When starting a new restaurant or institution one of the considerations to make is whether to lease or not to lease commercial kitchen appliances. As you start out you may not be sure how rapid your business will grow and therefore leasing may be a good option, while on the other hand, you may consider the commercial appliances as an asset and the ability to buy exactly what you require. Its imperative that whether you choose to buy or lease before using the equipment that you invite the commercial kitchen appliance repair team to service and ensure the appliances are in good working condition before using them.

Why You Should Consider Leasing

  • It Saves Money

Leasing the equipment will reduce the budget you will incur as you start your new restaurant or institution. It allows you to focus on other important issues like premises, licenses, and labor. Leasing gives the opportunity to buy the commercial appliances once the business is stable

  • Saves Repair Money

When you lease the commercial appliances you will not be responsible for paying the commercial appliance repair team as that will be part of the lease payment. That will save you tons of money and the hassles of fixing the broken commercial appliances.

  • Easier to Upgrade

As the business grows you will need to upgrade the appliances. Its easier to upgrade when leasing the equipment as that will not cost you so much money. At this point, you can also consider buying your own equipment as you sure the business is viable.

  • Easy to return if it’s not up to the task

In case the appliance you have leased is not up to the expected task, it’s easier to return to the owner unlike when you have bought. In spite of an appliance having a warranty, the buyer may not accept an equipment you have used even though it doesn’t serve the purpose.

What to Look out for When Leasing Equipment

  • Lease rates

Before taking up the lease ensure you fully comprehend the lease charges and any interest thereof. Make sure you consider all the rates being offered by the companies and choose one that is more viable and makes economic sense.

  • Length of Agreement

Ensure that the period of the lease serves the purpose. Make sure you understand the exit clause of the agreement should you consider backing out before the lease term ends. Consider the implications of extending the lease and ensure you fully understand the terms given. Make the sure the term given is not prohibitive.

  • Special offers

Look out for any special offers that you may get from the leasing company. Some company will offer extra appliance if you lease all the equipment from their company. Some companies will offer free appliance on leasing large equipment from their company

Which Equipments are better leased than bought?

Commercial appliances with a short lifespan are better leased than bought. Consider leasing the following restaurant  equipment

  • Commercial ice maker

Ensure you invite the commercial ice maker repair team to ensure the appliance is working well before use.

  •  Commercial Dishwasher

Let your commercial dishwasher repair team confirm it’s in good working condition before you use it

  • Coffee makers and coolers

The above are considered short span appliances and it makes more economic sense to lease them.

What You Need to Know Before Leasing

  • The Appliances are what you need

Confirm that the equipment will serve the purpose you need them for and that you have enough space for each of the equipment. Make sure that the appliances are not crammed up as that could also lead to breaking down.

  • You need to sign a contract

Before you use the appliances ensure that you sign a lease agreement stating the lease period, charges and state of each and every equipment. Ensure the entry and exit are simple to understand. The commercial appliance repair Virginia team will make sure that the appliances are in good working condition

Leasing will save you money especially while starting out and its, therefore, a good option while starting out. It saves you the headache of investing before you know how viable the business will be. Once the business has taken root, review your options and see what’s best for your business.

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