How much does it cost to lease restaurant equipment? It’s probably less costly than most business owners think; in fact, it can often prove to be the most cost-effective way to go.
Yes, the costs vary quite a bit – and based on the specific commercial restaurant equipment items being leased, its challenging to say exactly how much it would cost for you.
Overall leasing tends to be the most attractive option for many restaurant businesses since it allows for equipment items to be paid for over extended periods of time, instead of all at once through cash purchases.
How Much Does It Cost to Lease Restaurant Equipment?
Restaurant equipment leases make it easy for businesses to acquire all of the individual equipment items they need, without being forced to spend large sums of money all at once.
These up front costs can actually cripple a business’s ability to bounce back in times of financial difficulty or economic lulls. When restaurant businesses require a very high volume of equipment products, this is going to have an effect on the pricing of their equipment lease.
On the other hand, when a restaurant business only needs a handful of commercial equipment items, the cost of leasing is going to reflect this lower volume. Regardless of the pricing of your individual restaurant equipment lease agreement, the decision to lease is one that will likely save your business considerable amounts of money. It will also provide the kind of financial security that simply is not provided when commercial restaurant equipment is acquired immediately through cash purchases.
Different Types of Restaurant Equipment Available for Lease
With such a wide range of different commercial restaurant products, it can sometimes be difficult to determine exactly which equipment items your restaurant needs, and which ones it can do without.
When a restaurant owner has determined precisely which equipment items they need, it will be relatively simple to get a leasing quote to figure out a rough value of what the lease is going to cost.
Whether your restaurant needs commercial ovens, ranges, deep-frying units, cutlery, dishware and glassware, restaurant furniture, or any other types of typically used restaurant items, there is certain to be a leasing agreement available to suit these needs.
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No matter what volume of restaurant equipment needs to be leased, there is virtually never a case where a leasing agreement cannot be found to accommodate all different kinds of equipment volume requirements.
Variations in Pricing According to the Types of Restaurant Equipment Being Leased
Due to the fact that different types of restaurant equipment are valued differently, the pricing of restaurant equipment leasing tends to reflect this variability in value.
For example, a commercial grade oven leasing agreement is likely going to cost significantly more money than a commercial grade cutlery lease, since ovens tend to cost much more than knives do. Obviously this is going to depend on the volume of cutlery being purchased, but overall a commercial oven leasing agreement is typically going to be considerably more expensive than commercial cutlery product leasing agreements.
Whether you need twenty new commercial ovens or 20 new knives, leasing may be a better option for you than traditional purchasing.
Check out this video to see how LeaseQ may be able to help you defray the costs of your restaurant equipment through leasing and financing:
If for some reason, you can’t see this video click here.
Pricing Dependent On Duration of Lease
Aside from the individual costs of the commercial equipment items being leased, another factor which is going to determine the overall costs associated with restaurant equipment leasing is the respective duration of the lease period.
As is somewhat self-evident, the longer an equipment item is leased, the higher the costs of leasing will generally be. This is certainly something to keep in mind for prospective lessees, since having an awareness of how long your business will be using this equipment will allow for effective and accurate pricing projections to be formulated.
Although it isn’t always perfectly clear to a business owner how long they are going to need their equipment items, generating a rough estimate can be a big help in determining pricing of a lease agreement.
Want to know exactly how much does it cost to lease restaurant equipment? Simply click here for a free quote and see how much it is for your restaurant…chances are its less than you think.