You’ve spent hours finding the perfect equipment for your business. You’re finally ready to buy it, but how will you finance the equipment? Now the important question to answer is “should I lease or buy?”
Getting the right heavy equipment or commercial trucks is essential for your business. A Canadian equipment lease can help you acquire what you need quickly without breaking your bank account. Before you get started by signing on the dotted line, have you considered how the lease will end? There are many end of lease options, and which one you want depends a lot on your unique business circumstances and plans.
We have been asking our customers to submit stories on how they came to be business owners and the trials they have faced. In this blog series, we are sharing these stories so that others looking to jump into the world of small business have some information before making the leap. Each of the customers taking part in this series is happy to impart the wisdom they have gained in hopes that other new business owners will be able to use it to their benefit.
This story comes from Chris, who decided to start a construction business and was helped greatly by the power of equipment leasing.
It’s a terrible feeling when you have spent hours finding the perfect heavy equipment or commercial truck for your business that fits your budget, and then discovering a stream of hidden fees. Suddenly, your budget is drained and you’ve paid too much for your equipment lease. An equipment lease is supposed to protect your capital reserves and give you low manageable payments.
You need to know what to expect up front. Being aware in advance of the various types of hidden fees that exist might help to protect you better financially. Here’s 4 commonly hidden fees you can expect, and how to deal with them fairly.
