Purchasing a large product like an ice machine is a huge investment. If you are running a restaurant or opening a new business, it is hard to commit to parting with that much money all at once. Leasing offers an alternative to purchasing that comes both with pros and with cons.
Restaurants, night clubs and hotels all require for big and expensive appliances. Since these appliances such as ice machines are an integral part of running a successful business in these industries, it is important to acquire reliable, high quality products, whether you choose to lease or to purchase.
Reasons To Lease
One of the most important things to remember when weighing your options is that appliances used at a restaurant, night club or hotel will have to put up with a much higher level of daily wear and tear. This equipment will be much more likely to wear out or break down. Consequently, some businesses find it more cost effective to lease products that are used in such a high volume.
Ice machine leasing gives you an advantage because it saves you cash up front. If you’re running a small business, you may have a very tight budget that doesn’t allow you to purchase equipment. Another benefit to leasing is that you won’t face any unexpected costs outside of your monthly fee due to maintenance or repairs, since the leasing company will generally cover those expenses.
With leased products, you have a lower level of responsibility, since you aren’t the one maintaining the equipment. In addition, when your lease is up, you can easily upgrade to a better model or sometimes have the option to purchase the equipment.
Although it is often much more cost effective for businesses to rent equipment, the downside is that at the end of the lease, you have nothing tangible to show for all the money you invested unless the leasing company provides the option to buy. If you are interested in leasing with a goal of purchasing an appliance, this should be evaluated prior to signing any leasing documents.
Considerations When Purchasing
In some cases, businesses find it wiser to invest in purchasing their own equipment. If your business has the proper funding, this strategy is worthwhile. For instance, a high quality appliance that will last for many years without much need for maintenance will likely be a better deal for restaurants, night clubs and hotel alike.
However, businesses should be cautious about where they spend their money in purchasing equipment. On top of the initial expense, many appliances will require frequent maintenance and repair costs that will quickly add up. If you purchase a poor quality product, equipment can easily end up being more expensive in the long run. Make sure you do your homework on the quality of the ice machine(s) you wish to purchase. Ask the vendor you are working with to provide referrals and don’t be afraid to contact these businesses to establish an idea of how well the equipment works.
Icesurance offers a wide variety of ice machines from classic cube ice machines to flaked ice machines. All leasing contracts come with the option to purchase the ice machine equipment at the end of the term and the highest level of service in the industry. Call now to discuss your needs with one of our experienced customer service representatives, 800-999-5616.
What is your experience with leasing or purchasing equipment for your business?