Business
Why leasing gives you the power
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.
