Creating Efficiencies: Smart Leasing of New and Used Equipment and Vehicles

Some of our most successful clients have built their businesses with a smart approach to acquiring assets that are aimed at improving operating efficiencies. With the right equipment, often a business will improve their processes enough to cover the cost of the leased equipment while also saving time and effort in the delivery of their services.

Some examples:

A siding contractor acquired a Bandit wood chipper to process waste panels into recyclable sized chips. This reduced his waste bin removal and dumping charges by multiple factors while also keeping the worksite tidy.

Including a dump box on a medium duty truck allowed a landscaper to haul smaller loads of top soil, gravel and mulch to residential projects without incurring extra expense to bring in full loads by dump truck on contract.

A start-up flooring contractor acquired good used equipment through a private sale instead of purchasing new (at three times the price).

An established floor covering sales company expanded into refurbishing old floors by acquiring new floor finishing machinery. The new service offering opens the door to future sales of carpets, lino and wood flooring.

Adding a narrow skid steer to their fleet allowed a landscaper to move soil and mulch into clients’ back yards without removing fencing or gates, cutting down the time to finish most smaller jobs. This also worked well in new residential areas where the houses are very close together… (hauling sod & fencing).

Good used pickup and utility trucks are available at substantially lower prices than new units. Cost conscious general contractors, carpenters, plumbers and electricians have saved a bundle. We have financed a variety of privately acquired, wholesale, auction, and dealer supplied used units with very reasonable monthly payments. There are no specific age limits to the used equipment and vehicles you could lease, though there are price points at 5 years and 10 years old.

About Frank Penkala

A self-employed finance guy who you can reach most of the time at (403) 701-5877. Fixer of interesting commercial lease financing challenges. The journey just seems to be getting more interesting. An active supporter of Kiva, Plan Canada, The Stephen Lewis Foundation and MSF Canada.
This entry was posted in Equipment Leasing and tagged , , , , , , , , , , , , , , , . Bookmark the permalink.