We have a wide variety of leasing and financing options. This makes it easier for our team to uncover and source the ideal solution for each specific client situation. Some of the construction equipment we finance include backhoes, bobcats, excavators, compressors, cranes, wheel loaders, dump trucks, bulldozers, forklifts, concrete mixers/pumps/ trucks, and all kinds of yellow iron construction equipment.
Reasons for Construction Equipment Leasing and Financing
Construction equipment financing and leasing can be not such a straightforward process. This is because every construction business is unique and has different operational as well as business goals. All the same, you’re likely to experience financial constraints at one point or another. That’s when leasing is most beneficial. Leasing construction equipment provides lower risk, predictability, and flexibility.
Other reasons to lease instead of buy construction equipment include the following:
Conserving Cash Flow
Leasing will help you save money as you don’t have to part away with the large upfront costs associated with purchasing equipment outright. Also, unlike the fluctuating interest associated with other financial plans, leasing has fixed monthly payments spread over multiple years. This helps you to budget adequately for the future while maintaining a steady cash flow.
Large capital purchases can easily attach you to a given technology. You see, you cannot spend a lot of money on equipment if you don’t want it to serve you for years to come. So what happens when better technology emerges in the market? With leasing, it’s easy to adjust to industry progress while maintaining business agility.
Hedge against Equipment Obsolescence
Uplend offers flexible end-of-lease terms, so you don’t have to worry about what to do with a machine you’re no longer using. At the end of every leasing term, you can choose to extend the lease, renew the lease, purchase the equipment(at fair market value), or return the equipment. So if you want to stay industry relevant and upgrade your equipment at will without breaking the bank, leasing is the best option.
How Our Team Can Help
Are you finding it hard to figure out how you’ll accommodate the purchase of new equipment? Let us do the hard work for you. We’ll assign a point of contact to your company so we can customize solutions that address your specific financing needs.
Trust us to get you that construction equipment at the most flexible repayment terms. Take note that we also do whatever it takes to get quick approvals from various lending sources. We always provide a non-demand, non-covenant financial structure. Reach out to us today.