Financial Services & Equipment Leasing

Financial Services & Equipment Leasing Benefits Of Leasing Your Restaurant Equipment Lease

When you are all set to start up a new restaurant or cafe, what you need to consider is whether you should buy or lease the equipment needed for your new place. You may not want to lease a dishwasher or a stove for your home, but leasing equipment for a commercial kitchen does make sense. When you equip a restaurant kitchen, you should keep in mind that the appliances you pick will go through a lot more wear and tear. Adding the cost of repairs and the time it takes to fix something, we recommend a restaurant equipment lease rather than purchasing outright. Leasing saves you a lot of capital money and comes with longer.

Benefits Of Equipment Leasing 1. Saves Money

Leasing heavy commercial equipment such as a commercial-grade dishwasher can help you save your startup capital for other areas. Instead of going through the process of obtaining credit financing for the required pieces, you have the convenience of signing a contract and all your needs will be taken care of. Instead of paying thousands of dollars for commercial equipment, you can use that money for your first food order or your marketing budget, or even your first payroll.

2. Free Equipment

There are some leased pieces of equipment that will not cost you any money (no monthly lease fee) if you are buying the company’s products like coffee, dishwasher soap, etc.

3. No Repair Costs

Repairing restaurant equipment can be expensive. But you are not responsible for repairs if the leased equipment breakdown. If something goes wrong with the equipment, all you have to do is make a call to the company you are leasing from for a replacement or repair.

On the other hand, when you own the equipment, you are responsible for all the repairs and replacements unless the equipment is under warranty.

4. Easier To Upgrade

Lease agreements often offer you the chance to upgrade your equipment as newer models become available. You can switch to a newer model when the lease on your current equipment is up.

5. Beneficial For Pop-up Restaurants and Temporary Kitchens

Equipment leasing gives you the opportunity to get what you need without having to invest in equipment that you will only use for a short time.

6. Option to Buy

Leasing agreements give you the option of buying the equipment when the contract comes to an end.

When you choose equipment leasing, you must make sure that the supplier is leasing quality products. Keep an eye out for the warranties and replacements that are available for the model you select. Restaurant equipment leasing is an excellent way to get your restaurant up and running quickly. You are also saving yourself the interest by not taking out a loan. Econolease offers excellent quality restaurant equipment available in the market.

When you go for a restaurant equipment lease at Econolease, you have a lot of options and amazing service.