Whether you are starting a new business venture or fine tuning your current operation, restaurants require new equipment from time to time. This happens because menu needs change, volume fluctuates and current equipment breaks down. Since equipment costs are high, leasing options allow you to conserve your available capital while you take advantage of the increased efficiency and profitability that new equipment offers.
It is not always possible to handle the substantial cash obligation that purchasing your new restaurant equipment with cash requires. Leases offer an attractive alternative with many benefits. With a lease, your financial obligation takes the form of a low monthly payment. This monthly payment is consistent and manageable, which makes budgeting for your new equipment a simple matter. Also, since you can begin to use your equipment immediately, the increased profits generated from the new equipment make the lease payments even easier to handle.
If you are interested in exploring your lease options, your dealer can help you find a qualified leasing agent or you can go to LeaseQ for a free instant quote. The process takes two minutes to complete and is absolutely free. However, there is a credit check associated with the application process. Rest assured, however, that this credit check is not the type that has an impact on your credit rating. Your credit will remain intact while you gain the necessary information to make a solid decision about your financing options.
Whether your needs are driven by aging equipment or expansion strategies, every restaurant owner is faced with buying new equipment at some point. Since these needs are often unexpected, financial planning for these purchases is difficult. Depending on the time of year and the current production of your business, you could easily find yourself in a position where you need equipment to continue operations but lack sufficient funds to purchase it. No matter what type of equipment you have a need for, there is a lease agreement that will make the entire process easier for you.
There are other advantages to a lease than just the monthly payment structure. Some equipment requires installation and maintenance. If you lease this equipment, those costs are covered. Also, at the end of the lease, you can exercise an option to buy the equipment. This buyout payment option is usually a one dollar payment and offers you all the benefits of ownership while retaining the flexibility of a lease. Furthermore, if the equipment did not meet your needs as accurately as you had hoped, you can always just return it at the end of the agreement and lease new equipment. This flexibility is another reason why new restaurant equipment financing is such an attractive option.
To see if you qualify for new restaurant equipment leasing, click here for a free quote.