What is construction equipment leasing? Construction equipment leasing is when a construction company (a lessee) approaches an owner of construction equipment (a lessor). The lessee will want to use the equipment of the lessor, and so they will come to an agreed rental agreement for the desired construction equipment. Details of this will include how much the lease payments will be and how often they should be paid. This allows a company to use the construction equipment for the agreed amount of time. Why choose construction equipment leasing? Finance It is often a huge investment for a company to buy construction equipment. Therefore, construction equipment leasing offers a better financial option. Construction equipment leasing has proven to be especially beneficial for small to medium sized construction companies, as it allows the company to have full use of their needed equipment, without having to take out huge loans or potentially get into debt. This is because high upfront costs and a large amount of capital are not needed for construction equipment leasing. Work opportunities With the help of construction equipment leasing, your company will be able to carry out the projects it wants to, so it can grow to become even more successful. It may be that your company eventually grows to a scale where you decide that purchasing construction equipment is a financially viable option. If so, there are some construction equipment leasing plans that give you the option of purchasing and owning the equipment at the end of your lease. Nevertheless, there are some companies that choose to continue with construction equipment leasing, even as they expand, as it is a method that works for them. In this way, construction equipment leasing is a smart alternative for businesses of all sizes. Getting the most for your money It may be that your construction company needs a certain piece of equipment for a one-off project. To get the most for your money, construction equipment leasing can be a good alternative, as it means that you are not spending money buying equipment that you won’t get much use out of. You might not need the long-term use of an asset, and so saving money through leasing can certainly be a wise decision, and ensures that your equipment is not left idle. You will likely know how long a construction project should take. Therefore, you can calculate the cost of a construction equipment lease, against the cost of purchasing, to see if it is right for you. Construction equipment maintenance If there has been a fault with some equipment you own, and you don’t have the current funds to fix or replace it, leasing should be something you consider. Construction equipment leasing allows your business to continue working, and lets your clients see you as organised and efficient, whatever comes your way. This will help in keeping you competitive in an industry where other companies may not be so prepared. Additionally, it is important that construction equipment is maintained to the highest standard, and abides by the latest health and safety regulations. This means a great deal of responsibility and maintenance is required when having ownership of equipment. The older a piece of equipment is, the more it can cost to maintain. With construction equipment leasing, the owner of the equipment will usually be the one who checks it is fit for use, and sorts out any repairs or problems. Having Flexibility Construction equipment leasing offers your company flexibility. From the types of leasing agreements you choose, the company you choose to lease from, to the specifications and brand of the construction equipment you get. You can access some of the latest equipment. Your business may also want to invest its money and resources in areas other than construction equipment. With construction equipment leasing, you can be more flexible in spending your money how and where you want. It can also be a good idea if you are looking at refinancing debt. This can be done by having a company purchase your equipment and lease it back to you. This can ease your cash flow and help if your company is in need of capital. Asset Funder’s construction equipment leasing Asset Funder have been active in construction equipment leasing for a number of years. We are knowledgeable about many different industries, including construction. This means that when opting for construction equipment leasing with the help of Asset Funder, you’ll be working with a company that truly understands your business needs. We can get you quick access to the tools you want, so your company can operate as usual and maintain a good reputation. The purchasing of a piece of construction equipment can cause a significant dent in your finances. However, with construction equipment leasing you can use some of the best equipment at the best price. Asset Funder leases construction machines and tools, such as: Scaffolding Cranes Dozers Dump trucks Loading shovels Excavators Concrete mixers and pumps With over 20 years of experience in this industry, Asset Funder are able to make construction equipment leasing easy and affordable for you. We are happy to help you secure finance for the construction equipment you need. We take the time to understand the terms you want from an equipment lease, and try and get this for you. For a construction business, it’s important to have the right equipment at the right time, and Asset Funder can help ensure this happens. If you’d like to learn more about our construction equipment leasing options, get in touch with our friendly team today. We’re happy to answer any queries you have, and would love to help you make the best decision for your business.