Commercial Leasing and Rental Agreements
There are times when buying laundry equipment outright is not the most suitable option for a business. We have a range of customers who lease our laundry equipment over a 5 year period. The advantages of leasing equipment are that you are supplied the latest equipment and a full maintenance contract to maintain parts and labour for the machines throughout the 5 year period.
It is often advantageous to businesses – whether they are start-ups or established – to lease or rent their laundry solution rather than going to the expense of buying their own equipment. The main advantage, apart from the capital outlay, is that a business will have access to the very latest cleaning technology and state-of-the-art industrial washing machines without having to set aside the capital that would be necessary to keep up with the latest laundry equipment innovations.
A business’s operating budget can be used rather than its capital budget, thereby overcoming cash-flow concerns. The suppliers of industrial laundry solutions can usually offer a range of structured and tailored packages which will meet any budget requirements and satisfy the needs of any business. The fluctuations in interest rates are also avoided by leasing rather than buying laundry solutions, as for the term of the contract the monthly rental will be fixed.
All rented equipment can, of course, be offset against tax, which is another big advantage of renting. All types of laundry equipment can be rented, including washers and dryers that are coin-operated, rotary irons and finishing tables, and businesses can also rent all the fixtures and fittings. If you have the space available, leasing a laundry solution provides a sensible and cost effective alternative to sending clothes and linens out to be cleaned, which will prove more costly. Sole traders as well as partnerships and limited companies can all benefit from leasing their laundry solution.