There are many different pieces of heavy construction equipment required to complete projects all around the world.
One machine that you may need for your next project is a scissor lift. Leasing this type of equipment is often the most viable solution. After all, purchasing such expensive heavy construction equipment can soak up all of a company’s cashflow, putting them in a very difficult position. Instead, a lease offers flexibility, enabling construction firms to be much more agile in their approach.
Considering that, in this blog post, we’re going to take a look at five benefits of leasing a scissor lift for business purposes.
What is a scissor lift and what is it used for?
A scissor lift is a machine designed to move equipment and personnel in a vertical manner. These lifts can handle any type of application that would typically demand scaffolding, a tower, or a ladder.
There are many different types of scissor lifts on the market today, including diesel, hydraulic, rough terrain, electric, and pneumatic scissor lifts. So, you should have no trouble finding the perfect machine for your specific project needs.
Advantages of leasing a scissor lift for your business
There are many advantages of leasing a scissor lift, including the following:
- You don’t need to make a massive down payment - One of the big benefits of leasing a scissor lift is that you won’t need to make a sizable down payment to acquire the equipment you need. This is one of the big problems with purchasing equipment outright. Most companies cannot afford such hefty payments. Instead, with a lease, you’ll have manageable monthly payments to make instead.
- You can lease a scissor lift for the amount of time required - You may only need a scissor lift for a short timeframe for a specific project you’re working on. In such cases, it makes no sense to purchase a scissor lift. The good news is that with a lease you can choose a contract length that suits the project you’re working on. Plus, most equipment leasing firms will be more than happy to extend the lease if your requirements change.
- You won’t have to worry about repairs or maintenance - There’s nothing worse than turning up for work in the morning and finding out that a crucial piece of equipment won’t operate as it should. Not only does this mean a lot of downtime and hassle but a lot of expense as well. Again, this is something you won’t need to fret about with a construction equipment lease, as maintenance, servicing, and repairs will be covered by the equipment leasing firm.
- You can lease a scissor lift you otherwise may not have been able to afford - In addition to the benefits we’ve discussed so far, leasing also opens you up to a much wider range of scissor lifts. If you lease a scissor lift, you’ll be able to consider makes and models that may have otherwise been out of your budget if you were to purchase the lease outright. This means that you can choose a much more efficient model that delivers higher performance levels, which will benefit your project quality too.
- You can enjoy greater flexibility with a lease - Last but not least, you can enjoy much greater levels of flexibility by choosing a lease. If your requirements change or you find that you need another piece of equipment, your construction equipment lease provider will work with you to renegotiate the terms of your lease. If you were to purchase a scissor lift, you would need to sell the equipment, take the depreciation hit, and then find extra funds if you want to upgrade your equipment.
Leverage the benefits of leasing a scissor lift for business purposes
As you can see, there are many advantages of leasing a scissor lift, so it’s not hard to see why most construction companies go down this route when they need this piece of equipment.
If you’re interested in leasing a scissor lift for business purposes, it’s imperative to take the time to assess your options carefully. There are many different kinds of leases, so you need to make sure you end select an agreement that’s right for your needs and financial situation.
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