The Facts About Buying vs. Leasing Concrete Floor Grinding Machines

You're on a mission to find the perfect concrete floor grinding machine that will take your business to the next level. You have selected the equipment that best suits your needs but are now faced with a critical decision that could significantly affect your business - should you buy or lease your machine? It's a question that is often on the minds of concrete professionals and one that requires careful consideration.

In this blog, we'll uncover some of the facts about buying vs. leasing concrete floor grinding machines. You will discover the pros and cons of each option, and we'll provide you with information that you will need to make a decision that's right for you and your business.

Let's go!

The pros and cons of buying concrete floor grinding machines

Picture this: you walk into a job site and see a sleek, shiny concrete floor grinding machine waiting for you. It's yours, all yours. You own it, you control it, and now you can get your job done in record time.
The thought of owning a concrete floor grinder is alluring, and for a good reason. Owning a machine can offer several advantages, but it's important to remember that it also comes with its own set of challenges.

Pros:

1. Long-term savings: When you buy a concrete floor grinding machine, you'll make an upfront investment but save money in the long run by not having to pay the leasing fees.
2. You own the machine: When you buy a concrete floor grinding machine, you own it outright. 

Cons:

1. Initial investment costs: Buying a concrete floor grinding machine can be expensive, especially if you opt for a top-of-the-line model. This can have an adverse impact on your cash flow.
2. Borrowing: If you have used a Bank Loan (or other traditional source of lending) to fund the purchase, you may be vulnerable to rising interest rates.

In short, buying a concrete floor grinding machine can be an excellent investment, but it's essential to weigh the pros and cons carefully. In the next section, we'll take a closer look at the advantages and disadvantages of leasing a concrete floor grinder.

The pros and cons of leasing concrete floor grinding machines

While buying a concrete floor grinding machine can offer long-term savings, leasing can offer a more flexible and cost-effective solution. Here are some of the pros and cons of leasing a concrete floor grinder.

Pros:

1. Lower upfront costs: When you lease a concrete floor grinding machine, you won't need to make a large upfront investment. This can be especially beneficial for small businesses or contractors just starting out.
2. Predictable expenses: With a lease, you'll know exactly how much you'll be paying each month, which can make budgeting easier. This can be especially helpful for contractors who need to know their expenses in advance.
3. Tax Benefits: Receive the benefit of Section 179, which enables you to deduct the full amount of your capital purchase in year One rather than needing to depreciate it over a number of years.
4. Flexibility:  You may be able to defer your initial monthly repayment for 3 or 6 months. This enables your new equipment to generate income before you commence paying for it.

Cons:

1. Long-term costs: Over time, leasing a concrete floor grinding machine can be more expensive than buying one outright.
2. Collateral: A leasing company will use the equipment that you have purchased as collateral.  Note - If you are using a traditional lender, they may also require collateral, such as a personal guarantee or a lien on other business assets.

Ready to make a decision?

In conclusion, buying vs. leasing a concrete floor grinding machine is a decision that requires careful consideration. Whether you choose to buy or lease, it's important to consider your budget, business needs, and tax benefits.

At Werkmaster, we understand that every business is unique and has different needs. That's why we offer a range of concrete floor grinding machines that are designed to meet the needs of both large and small businesses. Whether you choose to buy or lease, our machines are built with the latest technology and are designed to help you achieve the best results possible.

So, if you're ready to make a decision, why not choose Werkmaster? With our years of experience and commitment to quality, we're the right choice for your business. Visit our website today to learn more about our concrete floor grinding machines and how we can help you achieve the best results possible.

At WerkMaster, we take pride in offering our customers affordable and accessible equipment lease financing options. And if you would like to speak with a leasing expert, please feel free to contact - Tod Siegel of Centra Funding LLC at 720-277-0007 (centrafunding.com). He will be happy to answer your queries.