Nothing can be a bigger disappointment than losing a job because you didn’t have the right equipment for the job. While it is possible to lease construction equipment on a short-term basis, this can quickly erode your profit margin. Instead, perhaps it’s time for you to change your business by leasing construction equipment.
When it comes to heavy equipment leasing, it’s easy to believe that there isn’t a lender who would even consider you a strong candidate to finance. But even if you don’t have a ton of money put aside or the best credit in the world, it is possible to qualify for construction equipment financing. There are many heavy equipment lenders in the market today who are more than ready to help you grow your business.
When looking for heavy equipment lease information available to you, among the key points to consider are:
- The benefits of construction equipment leasing versus financing.
- The current stage of your business in its lifecycle.
- The type of construction equipment for lease in your area.
Action Steps
The best contacts and resources to help you get it done
Choose to lease heavy equipment to free up capital both now and in the future
When you choose construction equipment leasing, you're able to procure the equipment you need without the cash outlay required in heavy equipment financing. This frees up capital for you to use otherwise to grow your business now. It also minimizes your cash loss in the future because of the inevitable depreciation of the equipment over time.
I recommend: iBank offers a network of more than 325 lenders who are available to provide a wide variety of financing, including heavy equipment leasing.
Ervin Leasing specializes in leasing equipment to contractors of all types.
Start your construction business by leasing construction equipment
The beginning of any company is always fraught with much worry over finances, but the construction industry is unique in its requirement for high-dollar equipment to do business. When your business is new, it can be difficult to find a heavy equipment lender willing to fully finance your necessary purchases. It is much easier, though, to find construction equipment leasing as a start-up construction business.
I recommend: Capital Funds Leasing offers construction equipment financing to businesses at all points in their lifecycle. By offering operating leases with fair market buy-outs,
Tiger Leasing gives new construction business owners who prefer to own their heavy equipment the ability to purchase equipment at the end of the lease term.
Explore your options in leasing used equipment
In some parts of the country, there is a strong quantity of used heavy equipment available on the market. Much of this equipment is only barely used, and offers you the ability to save a substantial sum of money over new equipment. This can reduce your leasing costs and allow you to purchase more equipment than you would expect.
I recommend: GCR Capital allows for the leasing of used heavy equipment as well as new. You can also contact
Access Equipment Leasing for heavy equipment lease information.
Tips & Tactics
Helpful advice for making the most of this Guide
- Always make sure you are comparing "apples to apples" when looking at various construction equipment financing options. If a particular lease seems too good to be true, it just may be.
The official source of Construction Equipment Leasing is
the Construction Equipment Leasing page at Business.com
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