There are several benefits of equipment financing for business owners and decision makers.
Direct Air & Pipework Ltd
Key benefits of financing compressed air equipment
Many businesses balance maintaining and investing in the right equipment needed to guarantee success and growth. The reality is that this gets navigated by the ability to raise finance in the first place. And to equip a business with the correct tools can be costly.
Operating cashflow can pay a large sum upfront to secure the required equipment. But there is also a variety of different equipment financing options available. These enable the flexibility to extend the payment terms over a period of time, rather than all at once.
Equipment financing can cover any kind of business operating expense. We’re familiar with company cars, vehicle fleets and smartphones being on finance deals. So why not consider this for larger machinery, such as compressed air systems?
A compressed air lease package is like the traditional car lease plan. The business will make monthly payments to a leasing company to cover he equipment rental payments. So, by leasing you can have access to upgraded compressed air plant without the expensive hit on your cash flow. The finance agreement could be for a compressor, downstream equipment, or even a nitrogen generator.
And once the terms of the lease agreement are up, there are usually three options:
- End the terms and return the equipment
- Extend the lease agreement
- Option to buy the equipment