According to recent industry statistics, over $4 billion worth of heavy equipment is leased annually by businesses in the United States. Companies typically look to heavy equipment leasing because the underlying assets are very expensive to purchase, can deplete working capital, and put a real strain on business operations. When done properly, leasing can offer several advantages over other types of heavy equipment financing, including stable cash flow, balance sheet management, immediate write-downs, flexible payment terms, simple upgrades, and customizable end-of-term options, as well as quick processing time.
Some of the many industries that rely on heavy equipment leasing include agriculture, construction, mining and public works, for leasing such assets as fork lifts, warehousing, molding, construction, and material handling equipment.
In order to capture the benefits of heavy equipment leasing, a business must fully understand the underlying contract and financial risk embedded in the lease. LPRS is here to help your business lease program perform as expected by negotiating the terms and conditions of your heavy equipment lease so that it will provide your business with the benefits of leasing, while capping your downstream risk and cost.
