Snow Removal Equipment Financing and Leasing
Don’t let the cost of new snow removal equipment hold your business back this year. If you don’t have the cash on hand to buy your equipment outright, leasing and financing options may be just what you need. Keep reading to learn more about each and how they can help your business grow.
Snow Removal Equipment Leasing Options
Whether you’re in Sudbury, Toronto, Winnipeg, Edmonton, or anywhere else in Canada, equipment leasing gives you the ability to buy what your snow removal business needs without shelling out a lot of cash up front. At the end of the term you can either buy the equipment outright or end the lease. The main benefits to leasing are:
- No up-front investment is required
- Easy to manage monthly payments
- At the end of the lease you can upgrade to a newer model
- You can keep your working capital and use it for other things
Snow Removal Equipment Financing
Equipment financing is a little different than leasing in that you’re basically applying for a loan to purchase new equipment. Your credit history will influence the amount that you are able to borrow, as will the condition of the equipment (new or used). The biggest benefits of snow removal equipment financing are:
- It’s easier to secure than a traditional loan
- When you choose Money in Motion you can set up a seasonal payment schedule
- You don’t have to find the funds to purchase new equipment outright
- Financing allows you to keep your working capital
Which Option Should You Choose?
Truck equipment leasing and snow plow equipment financing both have their pros and cons so you’ll need to consider your financial situation and the specific needs of your business. If you are planning on keeping the equipment indefinitely, then financing is probably the better solution. If you need the flexibility to upgrade equipment every few years then you might be more inclined to go with equipment leasing. It’s really a question of suiting the financial product to your unique set of needs. Our financing and leasing agents will help you find the solution that is right for you and your business.
Whenever you need new equipment for your business, Money in Motion has the financial solution that’s right for you. Whether it is equipment financing or equipment leasing, we cater the terms of our service to businesses just like yours. We can help you finance a variety of snow removal equipment such as:
- Snow Blowers
- Snow Plows
- Snow Removal Trucks
- Skid Steers
- Salt Trucks and Sand Spreaders
- Sidewalk Plows
- Power Shovels
- ATV / UTV plows
- And more!
For truck equipment leasing in Toronto, snow plow leasing in Winnipeg or any kind of equipment leasing in Canada, Money in Motion helps local businesses from coast to coast. Contact us today to learn more about our financial products or to book an appointment with one of our friendly and knowledgeable leasing agents.