When is the right time to lease, rent, or purchase?
When it comes time to invest in a new piece of equipment for your business, the biggest decision you’ll face alongside which piece of machinery is right for you, is whether to purchase outright, lease, or rent.
The driving factors behind this decision will be based on key factors such as your application needs, budget and projected usage. Leasing or renting may be suitable options for you that will have predictable, equal monthly payments. They both give you the option to have maintenance packages built-in which will eliminate the worry of unexpected extra costs that could arise.
Keeping in mind that leasing and renting units will, in most scenarios, have tracked usage, it’s important to assess the needs of your operation. If you’re unsure, contact us today and one of our experienced representatives would be happy to complete an application survey to narrow down the option most suited to you that can save a headache down the road.
Hansler’s leasing options provide you with flexible monthly payment options, adding a maintenance package, and the option to purchase the equipment at the end. Based on the leasing option you choose, you can decide at the end of the term whether to buy it outright or return it. Flexibility is key with our leasing options which leaves you with more fleet to choose from and the financial freedom to do so.
Renting can take away the burden of feeling trapped in a long term commitment with a machine that’s needed for a short-term solution. We offer various terms that will fit your schedule with the equipment that’s right for you. Costs may vary, but it’s essential to plan if you’re looking to save some $$$ as some rentals are a lower monthly cost for long-term contracts.
Purchasing outright may seem feasible right now, but it’s important to do your research regarding future maintenance costs, part replacements and any other potential unexpected costs when financial planning post-purchase.
With multiple options at your disposal, the key questions that you’ll need to ask yourself are: Do I want to own the equipment? How often will it be used? Do I need it short or long term? Once you have the answers to these questions, the purchasing option that’s right for you will make more sense.
Read about our purchasing options in more detail here, or contact us for more information.