When is Welding Equipment Leasing the Right Choice?
As a business owner you need to make decisions every day that allow you to spend your operating capital in the most effective manner possible. If you are looking at whether you should buy or lease your welding equipment, you have to consider how long you plan on using the equipment, how much the equipment costs, and how much money you have to spend on your equipment. You may be surprised to learn that leasing is going to be your best option in many cases. Here are a few examples of situations when welding equipment leasing makes sense:
If you are just starting up a company and don't have a lot of capital to work with, welding equipment leasing is a great option. Short term welding equipment leases are a lot cheaper than buying all your own equipment, and they will allow you to acquire the equipment that you need to complete your first few projects and earn some money. You may need a piece of equipment that can weld pins, nails and studs. Or perhaps your profession needs more of a machine that can weld heavy-duty industrial fasteners. Leasing just makes more sense that paying the high price of the welders up-front.
Welding equipment leasing for special projects
Another instance where welding equipment leasing is a logical choice is when you need a special piece of equipment for one project. Leasing a specialized piece of equipment for the duration of one special-order project makes more sense than buying the equipment outright. Maybe you need an MIG or TIG welder for this job only. The profits from the job would not warrant the expense of buying the equipment.
Gearing up for large projects
Growing companies can also benefit from temporary welding equipment leasing agreements. These leasing programs will allow you to double or triple the equipment your company has to work with, which will allow you to increase your productivity by putting more people to work on your large project. This is also a good option for companies who are working on a tight deadline. You may be a general contractor that had to downsize employees as well as equipment during the economic downturn. Things are looking up; however, you do not want to purchase the welding equipment you used to have because you want to see just how the wind is blowing after you successfully complete this large job.
Try before you buy
The final reason for leasing welding equipment is to try it out before you buy it. If you are interested in an expensive piece of welding equipment that has just come out on to the market, but you aren't sure if it is worth the investment, then you can lease it for a week or month to try it out. If you don't like how it operates then you simply return it at the end of your lease and you are only out the small lease fee. On the other hand, if you liked what the welding equipment can do then you can go out and buy that piece of equipment with confidence.
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