It all depends on what your circumstances are. Let’s take a look at the pros and cons of leasing equipment, renting it and purchasing.

Renting equipment is a good option if you need snow equipment only for one project and will never be required to use it again. Rental of equipment or just parts of equipment could reduce the cost of your business by a considerable amount of time and effort. It’s important to remember that rental options for long-term seasonal rentals could be as expensive as leasing. If you are likely to utilize certain equipment infrequently outside of winter, it may be advantageous to invest on a lease that lasts for the entire year.

Many contractors would rather buy than lease equipment they use for the entire year. Contractors can purchase the equipment, and thus avoid the cost of interest. Be aware, however, that machines don’t last foreverand repairs or replacement could be costly and time-consuming. You don’t have to worry over the care of your equipment if you have a lease.

Before deciding whether equipment rental or leasing is best for your business make sure you consider the pros and cons of each alternative.

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