Restaurant equipment leasing has many benefits, including extended warranties and upgrades. The leasing rates increase over time, so you may end up paying far more than if you bought the piece of equipment outright.
Equipment leasing for restaurants and financing is much like getting a loan from a bank. It can be an affordable way for restaurants to get the equipment they need at a price they can afford. It also can be used to finance any asset based equipment that you may need to run your business. On the other hand has no impact on your personal credit score, keeps your unsecured lines of credit available for emergencies and affords you much more buying power.
Restaurant equipment leasing also offers tax advantages. This type of lease increases your liabilities and that translates into a lower tax burden to the IRS. It goes beyond the kitchen door typically, restaurants lease large pieces of equipment such as freezers or display cases, but equipment leasing vendors can help with all aspects of the business.
Many restaurant equipment leasing companies include the soft costs in the cost of the lease. For qualified restaurant owners, here is just some restaurant equipment leasing types that we can cater to: grills, bar furnishings, equipment food warmers, lamps, deep fryers, ice machines, ovens, microwaves and point of sale equipment. Equipment manufacturers are now offering additional financing through partnerships with specialist restaurant equipment leasing companies.
The many benefits of medical equipment leasing, business equipment leasing, construction equipment leasing, and restaurant equipment leasing through business factors. Get past upfront price restrictions – with the ability to pay over time, a customer can match their needs to their budget and overcome budget restraints and price restrictions.
Structured growth – allows you to add-on equipment as needed to structure growth on your terms and within your time frame. No more sticker shock – you can begin to use the equipment immediately while paying it off on a monthly basis, allowing you to compare the costs to the benefits. Great alternative to paying cash – allows you to lease equipment restaurants that you need with more desirable terms, while freeing up cash flow for managing your business. Restaurant equipment leasing is a great way to go.