How Equipment Leasing Works and What to Expect at Every Stage

There are many reasons you might have for leasing heavy equipment. You might be trying to expand services your company provides, maybe you’ve taken on larger jobs and you need more equipment to get the job done on time, or the equipment you have needs to be replaced.

No matter your reasons, leasing is very helpful for acquiring the equipment your business needs to function and grow.

This step-by-step guide will help you understand the entire equipment leasing process from start to finish. You’ll learn how leasing works and what to expect at every stage.

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How Leasing Can Help Your Business Grow Faster

Construction equipment can include anything from a high-end excavator to the manual tools in your toolkit. No matter what you need to get the job done, all the various construction equipment can get difficult to afford.

The catch is, of course, in order to get the contracts you need the tools. In order to buy the tools, you need the contracts!

There’s a way to break this cycle and thus grow your business. It’s called equipment leasing. Equipment leasing let’s you get the equipment you need to land more contracts, earn more, and get the job done… Without taking massive financial risks.

Here’s 8 key benefits to leasing your construction equipment:

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Why Work with a Leasing Broker?

An equipment lease broker works as a mediator between the customer, manufacturers and retailers, and lenders. They work hard to get the best price and the best lending terms for a business owner looking to obtain equipment.

Ultimately, lease brokers work for you – the consumer – to save you time and money. They do this by developing relationships with manufacturers, banks, and other lenders. It is their job to be aware of market trends and to provide valuable support and advice to you.

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It’s Easier Than You Think

You’ve gone through the listings and found the equipment you’re looking for. Now you need to decide whether you’re going to lease or take out a loan. There are benefits to both, but is one actually easier than the other? Turns out, the answer is yes.

So, what do you need to get approved for a lease?

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