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Using old construction equipment on your project can not only slow down your efficiency, it can also be downright dangerous. Construction vehicles live a gruelling life and making sure that your workers are using up-to-date machinery is important in maintaining health and safety, as well as keeping a competitive edge. Plant can be very expensive to buy so how can you keep up with the needs of your business? Have you considered leasing construction equipment as an option?
You want the ideal equipment, but what’s the best way to get it?
Option 1 – Buying your plant machinery
Investing in your heavy machinery might seem like a good plan. It can require substantial capital, or taking out a large line of credit, but it provides you with an asset on the books that can make your company look better on paper.
The problems are that once you have spent such substantial capital investing in construction vehicles and associated equipment, you become tied to it – and you commit valuable capital that is now unavailable for other areas of your business.
If you are using your machine every day and on multiple projects, this can be fine – the cost is spread across numerous contracts and the investment can be worthwhile, but selling on construction equipment when you’ve finished with it and getting a good price requires understanding an international market. In fact, moving on your machinery with any level of efficiency is difficult enough that it’s almost a second job in itself.
For many businesses, owning high-end plant machinery is simply out of budget, out of viability and out of contention. Leasing a crane ends up being a superior alternative to owning one.
Option 2 – Leasing construction equipment
Leasing or other forms of asset finance can provide a cost-effective and affordable way to have long-term access to construction equipment without the huge capital investment associated with outright ownership.
When you finance or lease construction equipment, you typically need only find a relatively small initial deposit payment and agree to a regular payment schedule that is within your budget (and often easily tied to any potential building contracts).
Your team gets access to new equipment enabling them to work at peak efficiency. How often have you had to ‘work around’ an ageing piece of equipment’s temperamental nature?
Leasing construction equipment can have accounting and tax advantages too, depending on the type of lease you choose.
As experts in asset finance, Maxxia is able to help source funding for heavy machinery and construction equipment across the UK.
The steps to the perfect construction equipment deal
At Maxxia we understand asset finance. Once you have selected the shopping list of equipment you need for your business, give us a call. We’ll help you every step of the way with the financial options, providing you with advice and finding you the right deal for you.
For further information about equipment leasing, or to talk about your asset financing requirements, contact us here or call 020 7520 9450.
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Leasing construction equipment has been a game-changer for many in the industry. The blog captures the essence of how leasing offers flexibility and cost-efficiency, allowing construction companies to access modern equipment without the burden of heavy upfront costs. A win-win indeed.
This blog post simplifies the process of leasing construction equipment, making it a valuable resource for both newcomers and veterans in the industry. Clear steps and insights make this guide a go-to reference for anyone considering equipment leasing
This blog post simplifies the process of leasing construction equipment, making it a valuable resource for both newcomers and veterans in the industry. Clear steps and insights make this guide a go-to reference for anyone considering equipment leasing.
Becoming a heavy equipment operator is an exciting and rewarding career choice. While it may seem daunting at first, the proper training and dedication can lead to a successful future in this field. Remember to research your options thoroughly, choose a reputable training program, and take advantage of every opportunity to gain hands-on experience.
Leasing construction equipment offers numerous advantages for businesses, as highlighted in your article. It provides flexibility, cost savings, and access to the latest equipment without the financial burden of ownership. Your article effectively outlines the key benefits of equipment leasing, including improved cash flow, tax advantages, and simplified equipment management. It’s clear that leasing can be a strategic choice for construction companies. Thanks for shedding light on this topic and presenting the benefits of equipment leasing.
Flexibility and lower initial investment are just two of the many advantages of leasing construction equipment that are discussed in this piece. If you’re debating whether to buy or lease equipment, the pros and cons of each sort of lease were laid out in detail, and that was very helpful. In addition, the advice on how to negotiate lease terms and choose the appropriate equipment was helpful for anyone thinking about going this route. When it comes to getting the most out of the money you’ve spent on machinery, this piece is invaluable.
Maxxia’s “Leasing Construction Equipment” article offers valuable insights into the benefits of leasing equipment rather than purchasing it outright. The article provides information on the advantages of leasing, as well as tips on how to choose the right leasing option for your business. This resource is a must-read for anyone considering leasing construction equipment.
Very helpful article for those who are looking to Lease Construction Equipment. But If you are looking to lease Mini Excavators then first you have to know Mini Excavators we have posted an article on Mini Excavators in which we discuss the Benefits of Using Mini Excavators.
Depending on the type of lease you select, renting construction equipment might also save you money on taxes and accounting. Boom & Bucket will be able to provide advice, let you know about lease rates on new equipment that are available, and assist you in determining the exact equipment requirements for your business.
Depending on the type of lease you select, renting construction equipment might also save you money on taxes and accounting. Boom & Bucket will be able to offer guidance, inform you about available leasing offers on new equipment, and help you make decisions about your company’s specific equipment needs. Boom & Bucket will be able to provide advice, let you know about lease rates on new equipment that are available, and assist you in determining the exact equipment requirements for your business.
Great advice! This was very informative and really helpful.
Thanks for sharing these valuable tips. Cheers!
I do consider all the ideas you have offered to your post.
They’re very convincing and can certainly work. Nonetheless, the posts are very quick for novices.
May just you please lengthen them a little from subsequent time?
Thanks for the post.