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Leasing Or Owning: Which Is Better?

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    Leasing or owning

    Leasing Or Owning: Which Is Better?

    By Wildcat Services | Rental Equipment | Comments are Closed | 22 June, 2016 | 0

    Companies are often looking to save money. In a world where purchasing is seen as being more beneficial, we’re here to discuss which is better: leasing or owning.

    If You’re Just Getting Started Or Looking To Save Money

    Do you have unlimited financial resources to spend on expensive specialty equipment?

    We didn’t think so. This is a great reason to lease short-term. Your company can use the equipment it needs in order to increase your revenues and complete jobs…without having to worry about high down payments, regular payments, and insurance costs upfront.

    If You’re Not A Mechanic

    Do you have the time, money, or human resources to deal with maintenance issues?

    Oil changes. Tire replacements. Hoses breaking. These repairs can incur large expenses and often happen unexpectedly. By renting equipment from Wildcat, you don’t have to worry about those costs. Our policy is take responsibility for any maintenance costs. Routine maintenance adds up quickly, so this can be a huge savings to companies.

    If You’re Looking For Something Specialized

    Do you need a specific type of equipment to help you complete a job properly and effectively?

    You definitely want to meet your customers’ needs, but it may not be worth the cost to purchase a specialty of equipment. If a piece of equipment will be used infrequently or is only tailored to one type of task, it might be in your company’s best interests to rent the tool short-term. Another added benefit? You can save yourself some shop space since you won’t have to store it when it’s not in use.

    If You Want To Have The Latest & Greatest

    Do you like having the most modern version of everything?

    People love to have the latest model, whether it’s a smartphone or vehicle. By choosing to lease expensive equipment instead of purchasing, companies have the ability to “trade up” more frequently. It’s also helpful to avoid taking a large, immediate hit for depreciation that occurs on purchased equipment.

    Wildcat wants to save you money and we’re proud to offer a variety of quality equipment in order to help you save. We can help meet all of your lease equipment needs! Give Wildcat a call today!

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