If you are unable to purchase the equipment at the end of the lease period then you can request the equipment leasing company to either extend or renew the lease or return the equipment.
Lease to own heavy equipment.
Total rental cost rental period rental cost per year month day.
Pay for the use of the heavy equipment return it at lease end or exercise your purchase option.
Cost to own equipment.
Pros of buying heavy equipment.
We have heavy equipment and machinery available for weekly monthly or long term rental including asphalt rollers and pavers skid steers mini excavators and more.
The equipment lease agreement with option to purchase is useful to those who cannot qualify for a loan from the bank due to credit issues.
If you are using the equipment 60 percent of the time or more than you are better off buying the equipment or choosing a lease to own option.
If you re unsure of whether you should buy or lease take a look at the pros and cons of each option.
When you buy heavy equipment you own it once you pay off your loan.
An opportunity to pay less upfront.
If the piece of equipment is something you are only planning on using occasionally or seasonally or if it s a piece of specialty equipment that you only need for a small number of jobs you should.
Deploy equity elsewhere in your business instead of building equity in equipment.
Cost to rent equipment.
We also offer a rent to purchase option with a portion of your rental payment applied to the purchase price of the unit.
Schedule a free on site demo by calling 859 485 8500.
An equipment lease agreement is a type of contractual document in this agreement the owner of the equipment or the lessor allows a person or company or the lessee to utilize the equipment for a specific amount of time in exchange for monetary compensation.
Rental rate per year month day x rental period number of years months days pickup delivery charge total rental cost.
Generally you may make lower payments than with an installment loan.
Get the best deal on construction equipment for sale or rent today.
A capital lease is usually long term and non cancellable and is used to lease equipment that the company wants to use in the long term or purchase at the end of the lease period.
You can decide to go with rent to rent short term or rent to own longer term options.
With an equipment lease however you rent the equipment for a certain period of time and return it eventually.
Purchase cost delivery maintenance insurance ownership costs resale value total ownership cost.