With the fall months fully underway, it has never been a better time to start planning ahead to the winter months when you’re likely going to need some new cold weather equipment for your business. If you have sidewalks or are expecting customers at your business location any time from now until the flowers start blooming in March (and you’re not located in a warm weather climate) then there’s a good chance that you’re going to need either a snow blower or a heater – or both. Direct Capital regularly sees businesses who need both.
Before you shell out a good chunk of money for that new equipment, let’s take a few minutes to explore why you might want to consider leasing that equipment instead. It could wind up saving you some cash and quite a few headaches.
- You can get it right away. If December rolls around, and there’s a snow storm heading your way or we get some unexpected and freakishly cold weather this November, you don’t have time to spare when it comes to getting that snow blower or heater. One of the biggest benefits to an equipment lease is the lack of a hefty upfront payment, so you won’t have to worry about saving up until you can afford the entire purchase price before you can put the equipment into use are your business.
- You’ll keep your customers comfortable. Don’t put off essential cold weather purchases just because you’re lacking in the capital you need for the purchases. No customer wants to visit your business if they have to trek through 6 inches of snow on your unplowed sidewalks to get there. With an equipment lease, you’ll have the means to take care of it all right away.
- You’ll keep your cash reserves free. The colder months can be tough ones for some businesses. It can often be difficult to front the hefty upfront expenses required to purchase something like a snow blower, when you’re not sure what the coming months will bring. Luckily, an advantage of an equipment lease is that there is no huge cash burden. You’ll be able to keep your cash reserves clear for any business emergency that should come up.
Have you financed any cold weather equipment?