leasing big equipment

sirsweatsalot

Banned
Location
MN
when it comes to getting bigger loaders and skid steers how do most of you lease that already do not own. do you take the machine for the whole season or do you lease it by watching the weather:) any comments or advise would be good
 

landscaper3

Senior Member
Location
S. Maine
We lease all our dump trucks, pickup trucks, Walker & Toro mowers plows and sanders. Its 100% TAX deductable alot of $$$$ savings over depreciation values. At lease end buy out for 10% of price financed. We use to do 5-6 truck loans 5-6 mower loans and ect and when we found out about Telmark we saved thousands of dollers yearly!!! Over the accountant doing those damn depreciation values! You can get more info at www.telmark.com If you want short time leases for seasonal equipment look at dealers promos they sometimes offer seasonal rentals instead of leases.
 

plowking35

2000 Club Member
Location
SE CT
I bought an arrial lift for my construction business this year, and we used American Express leasing. 1.00 buy out at the end. Very easy to work with and very low interest rate.
Dino
 

cat320

2000 Club Member
Location
stoneham,ma
Dino is that the sam as the credit card? What was the rate and do they lease every thing or are they just an equipment leasing co.
 

plowking35

2000 Club Member
Location
SE CT
I bought a Genie lift Z45/25J
It is an all terrain unit, with 4x4, on board generator, and air supply line to the basket. 45' vertical reach and 25' horizontal.I bought through united rental co, and from the looks of it American Express will lease anything. I even went through the company LLC name, it most leasing co's require two yrs existince to get the funding, but we have only been a LLC for 1.5 yrs when we went to buy, and we were approved in less than 3 hrs. I rented units from United for 3 yrs, and I finally said enough I am going to buy one. We put about 1000 hrs on the renatl units, and I was used and liked the controls, that is why I didnt go with a JLG.I love it, it is by far the versatile piece of equipment for the exterior work that we do. The only thing is it is heavy, and we have to pay someone to move it, maybe if I get a larger truck next year, I will get a heavier trailer. I need a 9-10 ton trailer.
http://www.genielift.com/specview.asp?i=images/blowups/z/z45jrt-blowup&u=zb-series/zb-z45jrt.html
this is my unit brand new, we now have 125 hrs on it
Dino
 
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