Today we’ll explore whether your should lease or buy commercial laundry equipment. When you stock your business’ laundry room with reliable equipment, you need to make many important decisions to keep your facility running smoothly. As you compare high-end, extra durable commercial washers and dryers with affordable, base-level equipment that will get the job done, remember your primary goal – to run your business efficiently and to avoid costs above what you can afford. Not every business type can benefit from leasing commercial laundry equipment, but every business should consider if leasing is the smartest decision for them.
No Service/Repair Costs
If an outage occurs due to user error or equipment malfunction, maintenance and repair costs are covered in most lease contracts. Avoid unexpected, costly repairs and disruptions to business operations. Commercial washer and dryer repairs, often unforeseen and unbudgeted, can cost thousands. Leasing eliminates responsibility for these significant costs, a major advantage.
Eliminate Large Lump Sum & Cap Ex Spending
One of the benefits of a lease contract is that you will not have the burden of a large sum of money being forfeited up-front. When you purchase commercial washers and dryers, you need to pay installation, delivery, and sometimes other fees in addition to the cost of the equipment up-front. However, by choosing the lease option, you’ll only have to pay 1-2 monthly payments up-front. Laundry Solutions states that this means businesses can avoid the hassle of taking out a loan and paying interest over many years.
Lease-to-own: Split costs into monthly payments, saving on maintenance and repair expenses during the lease. At the end of your contract, you’ll own a well-maintained machine.
Some companies benefit from leasing laundry equipment instead of purchasing it. This way, they don’t have to expense it out of their capital expenditure budget. They can account for leased equipment under a monthly expense account, which frees them to spend the annual cap ex money elsewhere.
Limited Liability
Own expensive equipment? Concerns arise about longevity, maintenance, and salvage value as it approaches the end of its life. When you lease commercial washers and dryers, you won’t have to worry about any of that. Maintenance will be provided by the supplier, eliminating the stress of wear and tear on the machines. At the end of your lease, you won’t have to worry about how and where to unload the machines.
No Long-term Commitment
Though they sound long-term, leasing contracts have a relatively short duration compared to the lifespan of laundry equipment. Commercial washers and dryers can last over 20 years. So, a 3 to 10 year commitment is only a fraction of the lifespan of the machines. Remember that the supplier usually covers maintenance and repair, so you don’t have to worry about those costs during the lease.
Post-pandemic and with the current recession, businesses in every industry are facing uncertainties. Many more businesses are choosing to opt for shorter-term commitments that require smaller up-front costs.
At Wash Automated, rest assured that a highly trained and experienced laundry expert will deliver superior service to you. Service technicians cover Northern California and Reno-Sparks. Expect commercial washer or dryer service within 1-3 business days. Continental Girbau has chosen Wash Automated as their preferred supplier of industrial laundry equipment in California and Nevada.
