Construction Equipment Leasing: A Smart Way to Manage Cash Flow
With the steady recovery of the construction industry, many construction business managers are looking for ways to maximize cash flow and minimize risk as new projects get underway. With advances in technology – and increases in prices, how do builders and contractors keep their budgets in line? Instead of choosing credit or loans to purchase equipment, construction companies are choosing construction equipment leasing. Equipment leasing saves your working capital and pays for the equipment as it’s used, and most importantly, it allows for shorter payment terms so necessary upgrades to new technologies are more cost effective than purchasing. .
Leasing also retains your bank borrowing capacity, lowers your monthly payment, and in many cases, equipment lease payments are a fully tax deductible expense since your payment becomes a liability on the balance sheet instead of a business asset. To estimate what your lease payment might be, check out our equipment lease calculator.
With the advantages of leasing you can afford to have the construction equipment you need, when you need it. As a construction professional, you know how important it is to have the right tools for the job at your disposal, exactly when you need them. A delay caused by waiting for a short term rental or a subcontractor can cost you thousands in labor and other costs.
Construction equipment leasing: Equipment you should consider leasing
- Earth movers
- Dump trucks
- Asphalt and concrete equipment
How to get started with construction equipment leasing
Whether your construction business is large or small, commercial or residential, expanding your capabilities with the right equipment is within your reach with construction equipment leasing. The process is quick and easy at Advantage. Contact us to get started with your construction equipment lease.