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Equipment Leasing
Commercial Restaurant Equipment: Your Best Options!
If you are thinking of opening a new restaurant then one of your biggest expenses will be buying equipment. Stoves, dishwashers, grills and coolers all can easily cost you thousands of dollars. Unfortunately, many of these items will quickly depreciate in value. Choosing second-hand equipment as an alternative can save you a lot of money. But with some of these items you risk breakdowns that may cause you to shell out more cash in repair costs then it would be to buy the equipment new.
For these reasons and others, equipment leasing is an attractive option for new restaurant owners looking to equip and furnish their eateries.
Benefits of Lease Financing:
Leasing equipment has certain advantages over buying:
- Payments are tax deductible. If the restaurant will not be purchasing the equipment at the end of the lease, then it can claim the lease payments for a reduction in taxes.
- Have more money with less worry. With equipment leasing you avoid the down payment needed to purchase the equipment. In addition, leasing companies often cover the costs of the equipment's installation and maintenance.
- Use the latest technology. When the equipment lease is up, there is usually an option to upgrade to a new model if the lease is renewed.
What Should You Lease?
Just about any piece of restaurant equipment and furniture can be leased these days, but certain items are particularly good candidates for equipment leasing:
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