Advantages of Leasing
- Improved cash flow. No payment up front.
- Fixed payments. The rental payments are fixed for the term of the agreement.
- Leasing provides 100% financing. No security deposits or up-front money is required.
- Leasing preserves credit lines. Credit lines with banks and other depository institutions are precious and hard to establish.
- Leasing increases purchasing power. We can increase your purchasing power by allowing you to finance the needed equipment for the job. That way you get the equipment you need to meet demand and promote growth.
- Leasing conserves working capital: Leasing is not subject to market fluctuations and interest rate increases. You can negotiate the monthly payments up front and secure a fixed rate for the life of the lease. This makes it much easier to project cash flow and budgets for planning purposes.
- Leasing is convenient. Keep your hard-earned cash on hand or invested.
- Leasing is tax-advantaged. Reclaim your capital allowances
- Leasing is a hedge against inflation. Since your payments apply to the use of the equipment you do not pay for ownership on equipment that consistently depreciates.
There is a difference between renting and leasing a coffee machine or vending machine. When leasing a coffee machine the agreement you sign will be direct with a leasing company. We would sell the machine to the leasing company and they then lease the machine to you. In this instance we also provide a full warranty with the lease.
If you rent a coffee machine from us then the agreement is direct with Kenco Local Business Service. Typically there is more flexibility with a rental agreement as we have control over it. Generally we only rent reconditioned machines directly with new equipment being leased, however in special circumstances we can rent new equipment directly. It is worth pointing out that this is entirely at our own discretion. The main reason for this approach is that in a rental agreement Kenco Local Business Service assume much more risk as the equipment is directly financed by us. We will look at every situation individually so please feel free to ask about renting instead of leasing. Again where we rent a coffee or vending machine we will always provide a full warranty with it.