If you are planning to open up your own restaurant, then getting some wholesale used restaurant supplies is a good idea. Investing a part of your capital on it will help you minimize the expenses you will incur. However, not everyone is willing to cash purchase these supplies. If you are one of those people who want to utilize the best restaurant supplies without owning them to minimize and avoid some of the cost that you may incur if you purchase it, then you are probably contemplating whether to rent or lease these restaurant supplies.
You are left with two options if you don't want the cash purchase option. You can either rent or lease; both can help you in keeping the monthly costs low. What is the difference of these two options and which option can be more profitable in your end?
When you opt to rent wholesale restaurant supplies, you will have the right to use the product for a specific month or two. During this time, you are expected to take good care of the product as if it is your own. If you wish to continue using the product, you will have to inform the owner ahead of time. The owner can also change the rental fee anytime he wants, and you will have to abide to it or forfeit the chance to use the product.
If you choose the used wholesale restaurant supplies leasing option, you will also have the right to use the product but compared to renting, you can use the product for years. Getting into a leasing contract will give you the right to use the product for at least a year. No need to worry about the leasing fee because the contract will bind you for a specific fee throughout the term. Unless, you and the owner agree to change the leasing fee. You also don't have to worry about the maintenance and repair cost because the owner will handle that. Plus, if your product becomes defective, you can have it replaced for free. You will also have the option to return the equipment at the end of the lease or make a final payment such as a $1 buyout at the end of the lease. However, you should take note that leasing can have its challenging aspect as well.
There are a lot of leasing companies out there waiting for you to contact them. However, to find the equipment lease that's right for you is quite challenging. This is why you should start asking your dealer to recommend dealers in that niche or going to LeaseQ and getting a free instant quote. Aside from leasing companies, you will also need to look for financing companies that can help you. Not everyone has enough cash to set aside for this contract and some leasing companies will not accept applications from people with a bad credit history. For those who are having troubles with that, LeaseQ can be of great help.
The financing options for wholesale restaurant supplies may include leasing or taking out a loan for your wholesale restaurant supplies leasing. With the help of LeaseQ, it can find companies that are willing to work with you despite your deficiency. You only need to answer a few questions that would not take 2 minutes of your time from LeaseQ. It is a fast and easy procedure.
To see if you qualify for wholesale restaurant supplies leasing, click here for a free quote.