When you are purchasing equipment, should you purchase outright, should you lease, or should you rent? With JTM Service, the choice is yours – we offer all 3 options, meaning you can make the right decision for your requirements.
We understand that each business is different, and the right answer depends on your unique needs and preferences. What are the differences between the options?
- Purchase Outright – you are invoiced for the equipment and take ownership straight away. If you have the capital available, this can be the simplest and cheapest option from an overall cost perspective.
- Lease – you spread the cost over a fixed period (e.g. 3 to 5 years) through a leasing agreement, and you own the machine at the end. This is a good choice to free up capital, whilst still owning the machine at the end.
- Rent – you spread the cost with monthly payments over a period of time (e.g. 6 years). This also allows you to avoid upfront capital investment with manageable monthly payments, and you don’t have the worry of ownership.
If you want ongoing comprehensive breakdown cover, this is included in leasing and rental, and can be included with outright purchase with our ComfortCare Plus extended warranty.
For more information on the different ways to finance the purchase of new or replacement commercial laundry equipment and dishwashers, please see JTM Service Finance Options, or contact us on 0113 2572221 and info@jtmservice.co.uk.
