Managing your cash flow effectively is critical to your ongoing success in the construction field. Working with a proven Houston heavy equipment leasing firm can provide real advantages for your business. Here are some of the benefits of leasing instead of buying your heavy equipment.
Increasing Your Financial Flexibility
Buying heavy equipment for your construction needs can be an expensive proposition that can tie up your available cash for years into the future. Leasing these essential pieces of equipment can allow you to manage your financial situation more efficiently while ensuring that you have adequate cash on hand to deal with emergencies and business opportunities as they arise.
Improving Your Tax Situation
For most companies, leasing offers significant advantages over buying in terms of deductions and the length of time over which these deductions can be claimed. Purchased equipment, by contrast, is claimed as an asset on balance sheets. Depreciation on these items is usually established by federal law and may not reflect the actual loss of value experienced by your company, especially if your equipment sees heavy use in an average year. By opting for Portland heavy equipment leasing over buying, you can often enjoy more predictable tax results and added financial benefits for your construction firm.
Managing Regulatory Requirements
The U.S. Occupational Safety and Health Administration (OSHA) sets and enforces regulations for the safe operation of equipment in the working environment. Compliance with these rules can help your company avoid serious consequences that may include fines, shutdowns and violations that can affect your corporate reputation. Working with a Seattle heavy equipment leasing firm can ensure that your firm is in full compliance with all OSHA regulations and that you have the most up-to-date and safe equipment available at every stage of your construction operations.
Reducing Long-Term Obligations
The high cost of heavy construction equipment typically requires long-term financing arrangements. This can tie up considerable funds not only at the time of purchase but also over a period of years or decades. Leasing arrangements are usually shorter-term obligations that can be renegotiated or discontinued as your company needs change, allowing you to manage costs more predictably over the life of your lease.
Ensuring Proper Maintenance
Most heavy equipment leasing companies can provide you with reminders for recommended maintenance services, allowing you to perform these tasks on schedule. This can improve the performance of the equipment on your construction sites and can reduce downtime due to breakdowns and mechanical failures. Working with a firm that offers these value-added services can ensure that your equipment operates as intended throughout your leasing arrangement.
Operating Newer Equipment
By entering into a leasing arrangement for your heavy equipment needs, you can rotate out older equipment and upgrade to newer and more advanced items on a regular basis. Newer equipment is less likely to break down and offers added features and amenities that can create a more comfortable environment for workers on your construction site. This can allow your company to achieve higher productivity and increased morale among your most essential employees.
Glesby Marks is an established leader in the heavy equipment leasing industry and offers comprehensive fleet management services for companies across the country. We provide the widest array of leasing options for your company, including the following:
- Capital and operating leases
- Arrangements with no down payment and fixed payments throughout the length of your lease
- Used and new equipment to suit your needs and your budget perfectly
- Leases with no mileage restrictions and no provisions relating to normal wear and tear on your equipment
We will work with you to create a leasing arrangement customized for your construction company. Call Glesby Marks today at 800-482-9498 to discuss your heavy equipment leasing needs with us.