A commercial mixer is a significant investment, one that you should not make lightly.
When you’re deciding between leasing and buying, it’s key to understand the full impact
on your business. Ultimately, you need a high-quality mixer now, but with an eye on the future, because you’re concerned about business stability and profitability too. So it’s both a functional and financial decision.
Consider Your Budget
Buying a commercial mixer up front requires more cash than if you were to lease. Leasing is beneficial if you don’t have a large investment ready right now, but you could afford to fit a payment into your monthly operating costs.
You could also finance the equipment. That way, that monthly payment goes toward you eventually owning the mixer versus just renting for a season.
Think About Tax Benefits
Consider the tax implications of both decisions. If you purchase a large piece of equipment, you may be able to write this off on your annual tax return. You could potentially write off your lease payment too as an operating cost, but depending on the totals, this will have a different effect on the amount you owe or get back at the end of the year.
Talk to your accountant about both purchases and break down the hard numbers to get a full, accurate picture.
Buying May Be a Better Long-Term Use of Your Funds
Think about the future. What if you want to upgrade your equipment in five years? If your lease is still intact, you may have to pay an early termination fee to get out of it. If you own the equipment, you could sell it and get money back. You could then put this cash toward your next purchase. This might be a better use of your money over of time.
When You Own vs. When You Lease
When you own, you’ll get a manufacturer’s warranty, which can be helpful if there is a malfunction within the covered time. But if something goes wrong after the warranty has run out, you’ll have to make the repairs yourself.
When you lease, you’ll get instant help fixing any equipment that breaks down (in most cases). However, the downside of leasing is you’ll have to make sure the equipment is returned in tip-top shape, or else you might have to pay a fee.
Decide on Dough Tech
We offer our customers only the best commercial mixer options, all designed to deliver the highest return on investment possible. When you decide on Dough Tech, you’re putting your money to good use, adding the highest-performing assets to your commercial kitchen. Contact us today to get more information on pricing and delivery directly to your restaurant or bakery.