Heavy Equipment Leasing

What is heavy equipment leasing?

Heavy equipment leasing is essentially "renting" new or used equipment for a term and paying monthly payments. Ask any person in the industry how expensive it is to purchase a steel crane, or an excavator and they will tell you how much that will set your company back. In 5 years, that piece of equipment will be old and might even be out of commission. When you lease your heavy duty equipment, you avoid having unwanted, broken down equipment.

Keep in mind, it is the use, not the ownership, of equipment that generate profit for your company. To have the most up-to-date equipment for your companies needs. The smart route is to lease your expensive heavy equipment.

Leasing heavy equipment also gives your company more options. You decided whether the equipment you want to lease is new or used equipment, and you come to an agreement on the length of the lease. You also have the option at the end of your lease term you can buy the equipment out, upgrade and take out another lease or simply give it back.

Leasing equipment is also smart because you can typically claim the entire lease payment as a tax deduction. With construction equipment leasing you don't have to place a large down payment or provide collateral like a loan would require.

When does ownership make sense verses leasing?

Ownership only makes sense if there is potential appreciation, as with real estate, investment property or collectables. Ownership of today's high-tech heavy equipment does not offer such benefits. Most computers, for instance, are essentially worthless on the open market in about two years! Will your heavy equipment even be working in top shape five years from now?

Furthermore, equipment today becomes obsolete at a faster pace than ever before, so your capital equipment inventory becomes worth less and less, faster and faster. Ownership is, therefore, of even less value.

Where can I find a leasing agent for obtaining a lease on heavy equipment?

Here at Connect Lease Corporation, we offer leasing solutions for all types of equipment: new construction leasing, business equipment leasing, commercial equipment leasing, commercial truck leasing, computer equipment leasing, medical equipment leasing, office equipment leasing, transportation equipment leasing and many more. We pride ourselves on having one of the highest credit approval ratios in the industry.

Call us at 1-(877) 860-4140 or use our contact form to find out how our leasing agents can help you find a solution for your company.