The leasing company contracts the construction company to lease the equipment and pay for it monthly over a fixed time frame of typically two to five years. The lessee will sign the contract for the type of lease that caters to their financial capabilities. The lease can also depend on whether the lessee wants to own the equipment at the end of the lease term or “return” the equipment to obtain a more up-to-date replacement.Used Construction EquipmentDespite an ever-changing economy, equipment leasing might provide a simple solution to grow your business. Think: Fair Market Value Lease, Dollar Buy Out Lease and Commercial Leasing.
Capital is key in order to operate a successful business, especially when the economy is as fickle as it is today. The heavier your cash flow, the greater amount of growth your company will experience. This is especially relevant in the construction industry. For all types of construction, the goal is to complete projects in accordance with plans and specifications, on time, within budget, and at the lowest possible cost. A construction company’s success and failure could very well depend on adding a fourth crane to your garage.
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