Restaurant Equipment Leasing

What is Restaurant Equipment Leasing and how does this benefit my company?

Almost $1 billion of restaurant equipment is leased each year. Those companies know that leasing restaurant equipment is a very smart way to obtain the tools they need in a more resourceful, flexible, cost saving way.

Leasing restaurant equipment is a loan in which the lender buys and owns equipment and then "rents" it to a business at a flat monthly rate for a specified number of months. At the end of the lease, the business may purchase the equipment for its fair market value (or a fixed or predetermined amount), continue leasing, lease new equipment or return it.

Some of the benefits of leasing restaurant equipment include:

Up-to-date with technology
By leasing, you get your hands on your choice of the newest equipment manufacturered or a choice of older equipment.

No huge cash down payment
Leasing software does NOT require a large deposit or the entire up front cost buying does.

Tax benefits.
Depending on the way you structure your lease, you can write the loss of leasing off. Talk to your accountant about how this benefits your company.

Is is cheaper to buy used restaurant equipment verse leasing new restaurant equipment?

Buying used restaurant equipment is usually the cheapest route. However, when you take in account that used equipment doesn't usually come with a warranty and you may end up paying more for maintenance in the long run, leasing equipment usually comes with a warranty, allows you to own new equipment, and is more reliable.

When you connect with a lease agent, ask about other options if your company is on a tighter budget, leasing plans are very flexible allowing you to spread the cost out longer, or obtain equipment that isn't as new but is still covered. Here at Connect Lease, we will find the BEST solution for your businesses needs.

What kind of restaurant equipment can I lease?

Any equipment your company needs, you should be able to lease:

• commercial dishwashers
• coffee makers
• ice makers
• Gas fryers
• Infrared burners
• food processor
• Broilers, Char-Broilers
• Ranges / Stoves
• Ovens
• Espresso Machines
• Microwaves
• frying equipment
• and many more...