Business

Why leasing gives you the power

9/14/2019 RAWAT 0 Comments


With so many unplanned power outages in many places, it is only prudent for an individual or company to consider a backup generator. Many people think buying such an asset is the only sure solution to your power issues. However, you could invest in it or even lease from a reliable generator leasing company. Buying such equipment comes with its costs; you have to maintain it regularly, in case of mishandling, it may breakdown and so many other shortcomings.


Following are some reasons why you should lease a generator

Helps you control cash

Your working capital is very crucial. When you lease equipment like a generator, it is a way of saving money which you can use to cover other expenses like business expansion or any other business-related expenses. When you lease a generator, you will be paying the agreed amount of money only at the end of the month. Thus you can easily budget for that as an item unlike in a case where you own the equipment and you are purchasing spares, fuel, and doing repairs any time. Having predictable expenses enables you to keep your cash-flows.

Keep updated equipment only

Generators are always being improved and every time there are innovations. It is not easy to keep purchasing new equipment like a generator every time there is an improved one in the market. Leasing a generator allows you to get a company that will always ensure their generators are up to date. Thus it is not your business to ensure efficiency- it’s the responsibility of the service provider. Again, you may only need a generator for the short-term, thus buying may not be prudent, and the best option would be to lease. With leasing, you can determine the length of the lease so that you can be doing it for short durations. This will enable you to get the best services.

Tax benefits

When you lease company equipment, your business has the potential of benefitting from tax benefits. In this case, you have to talk to your tax advisor so that they can guide you on how to benefit from such. With tax benefits, your earnings are preserved and thus your working capital.

The benefit of a specialist

When you lease a generator, it is the responsibility of the service provider to ensure that it is working properly. Thus, the leasing generators PowerGen company has specialists who service it on a regular basis and therefore you can be sure there won’t be a failure. Purchasing one would mean that you either hire a full-time specialist or you contract a service provider who’ll be checking it regularly.

There is flexibility

When you lease a generator, you can choose the period of time you want to lease. It could be for hours, days or even months. Thus, you get it for the time you need it and then you can terminate the contract. That would also mean that you can afford to lease an expensive one which would be efficient.

Individuals and companies prefer leasing equipment like generators because of the benefits therein. You don’t have to invest in a generator when you only need to use it for a short duration. That is an unnecessary expense that you can avoid by leasing.