Is leasing cheaper than buying?

“Leasing costs more money” is an outdated but persistent idea. When you take a deeper look though, you might wonder if leasing is actually cheaper than buying. First, let’s check out the two main advantages of leasing commercial laundry equipment.

Flexibility to upgrade

It goes without saying that to get the best results you need the best equipment possible. It is not realistic though, to constantly buy new machines just to get your hands on the newest features. When you’re leasing instead of buying you can actually upgrade your equipment way more often.

You can forget about maintenance

When you buy machines you are solely responsable for their upkeep. That means that you have to handle (and pay) for every repair and every part you ever need. If you don’t have the time or staff to handle the maintenance of the equipment you could also enter a service contract which will make it easier for you, but it also means and extra expense. When leasing, schedule maintenance, parts and repairs are included!

Let’s talk about money now. Is leasing really cheaper than buying?

Paying a large sum upfront to own equipment can seem like a new idea but did you know that prices to replace common laundry equipment parts have seen increases as high as 134% within the last 4 years?

Just to give you an example, the replacement cost of the common drain was $137 in 2018. The same replacement part was priced at $321 in 2022!

There’s no way to know when a machine will break down or when you’ll need to look for parts which makes it very difficult to stick to a budget.

With leasing, you can get the most up-to-date, energy efficient equipment with no credit check, zero money down and deferred payments. Southeastern Laundry’s Equipment Leasing program gives you access to the equipment you need fast. You never have to pay for service or parts, and routine scheduled maintenance is included.

You get all this for one simple monthly payment so you don’t have repair cost surprises. Equipment Leasing includes all the benefits of our service contract, plus the cost of the equipment and installation are covered. More questions? Learn more about how leasing can help your commercial business operations, community laundromat or multi-family apartment community.

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