Today, renting, leasing, and buying through financing are simply tools of the trade for many financial professionals. Unfortunately, when it comes to the question of whether a pressure cleaning contractor should rent, lease, or own the equipment used in its operations, few pressure cleaning business owners or managers seem able to accept the fact that there is no one right answer that fits everyone or every situtation. When a business is starting up, buying equipment is one way to build equity in the pressure cleaning operation. As the business matures and builds a sound financial platform with strong net worth, then questions such as: is the value of depreciation on my equipment worth more to me than, say, my ability to make payments and keep debt off my balance sheet? Leasing, instead of purchasing can be a cost-effective option, especially for those pressure cleaning operations that don't have cash on hand but need the equipment. In fact, many contractors that do have cash to invest have found that by leasing, they can regulate their cash flow more effectively.
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