You Are What You Lease

Written by on July 1, 2014 in Direct Capital Talk - 1 Comment
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Most businesses tend to lease their equipment! There are many benefits to leasing equipment, one of them is the price. Below is an infographic that describes different equipment you might not realize is usually leased and not owned.

 

If your company is looking to lease new equipment, Direct Capital can help. Visit our website for more information.

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Whose Equipment Are You Using?

Surprising things businesses lease

 

As it turns out, businesses often don’t own even their essential equipment. Many rent their most vital equipment.

 

As a standard rate for leasing business equipment, lessees pay $40-$60/month for every $1,000 purchased

  • A $10,000 will cost $400 – $600/month to rent
  • Rates vary by the length of a lease

 

Construction:

  • Lifts, scaffolds and ladders
    • Electric scissorlift
      • Estimated cost: $4,000 – $6,000
      • Estimated rental cost: $725/month
  • Big equipment
    • Digging
    • Forklifts
    • Concrete and masonry equipment
  • Air compressors
    • Estimated cost: $40,000
    • Estimated rental cost: $2,800/month
  • Compactors
    • Including rollers used for road construction
  • Cleaning equipment

 

  • In the first quarter of 2013, 68% of companies that rent out construction equipment reported a growth in their rental fleets
    • 76% expected their number of rentals to increase in the next year

 

Medical:

  • Surgical tools
  • Diagnostic imaging systems
    • MRI machine
      • Estimated cost $150,000 – $1.2 million
      • Estimated rental cost of $500,000 MRI machine $45,500/month
  • Stretchers
  • Surgical tables
  • X-ray equipment
    • Estimated cost $20,000
    • Estimated rental cost $1,000/month
  • Anesthesia delivery machines
  • Dental cleaning equipment

 

  • The medical rental industry in the U.S. is estimated at $3 billion
    • Renting equipment allows hospitals to stay up-to-date while also lowering the cost of maintenance and upkeep

 

Restaurants & Catering:

  • Catering serving equipment
  • Bar equipment
    • Glassware
    • Drink dispensers
  • Kitchen equipment
    • Commercial ovens
      • Estimated cost: $4,000 – $6,000
      • Estimated rental cost: $100 – $120/month
      • Grills
      • Deep fryers
        • Estimated cost: $4,500 – $10,000
        • Estimated rental cost: $100 – $225/month
      • Freezers

 

  • The average restaurant owner should plan to spend between $100,000 – $300,000 outfitting the kitchen
    • Leasing equipment can significantly lower the price of setting up a new restaurant

 

When starting a new business, renting equipment can lower initial investment, as well as lowering maintenance cost and allowing business equipment to stay up-to-date.

Should you rent or buy?

 

Sources:

http://www.rentittoday.com/medical-equipment-rentals

https://www.sunbeltrentals.com

http://lionsdentalsupply.com/Dental_Equipment_Rentals.html

http://www.rentalpulse.com/Article/tabid/95/ArticleId/20789/Construction-equipment-dealers-anticipate-12-percent-growth-in-rental.aspx

http://www.ibisworld.com/industry/medical-equipment-rental.html

http://www.fdcpa.com/Construction/0412Construction-buy-lease-or-rent-construction-equipment.htm

http://www.referenceforbusiness.com/industries/Service/Medical-Equipment-Rental-Leasing.html#b

http://www.ckitchen.com

http://info.blockimaging.com/bid/92623/MRI-Machine-Cost-and-Price-Guide

http://www.costowl.com/rental/equipment-leasing-medical-cost.html

http://www.dynamicchiropractic.com/mpacms/dc/article.php?id=46436

http://used.ringpower.com/listings.aspx?parent=AIR%20COMPRESSORS&ItemName=AIR%20COMPRESSOR-PORTABLE

http://smallbusiness.chron.com/startup-cost-opening-restaurants-1847.html


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