Whether you own a small family restaurant or a large corporate catering service, the decision between commercial refrigeration sales or rent is important to your overall business goal. There are a lot of great financial reasons why renting a commercial refrigerator is best for any food business.
Buying a new commercial refrigeration unit means having to pay a huge amount of money upfront. Most businesses don’t have that kind of cash floating around and you may need to borrow the money from a bank, commercial lender, or a broker. With renting, you don’t have to spend a huge amount of money up-front. All you need is an initial amount as a deposit or initial payment.
Because buying a new unit requires a large sum of money, it can impact your business especially if you’re just starting out. But with renting, you get the flexibility of extending your expenses over time to a budget plan that works best. The amount of money that you can save when renting a refrigeration unit can then be spent on other more important areas of your business. So, rather than spending a huge amount of money on a new unit, you can spend the money on other aspects of your business like operational expenses, employee wages, stock and inventory, allowing your business to grow and take it to a much higher level. So if you’re still unsure about the best option between commercial refrigeration sales or rent, then read on to find out the many advantages that come with renting.
When you buy a new refrigeration unit, it’s yours. But so is the headache of maintenance and costly repairs. But with refrigeration rental, you don’t have to worry about this as delivery fees, installation costs, and ongoing service and repairs are already included on your rental contract. So there’s no nasty surprises that can affect your business cash flow.
Commercial refrigerators can become obsolete just like any technology equipment. Its value will also depreciate over time. But with renting, you and your business will be protected from being stuck with outdated equipment. Not only do you have the option to choose the commercial refrigeration model that you like, but you can also upgrade to a better model anytime you like without having to go through the hassle and cost of selling your old one and then paying more for a newer model. You can also choose to extend the same contract, , change your existing unit, purchase your rented unit, or simply send the equipment back to your provider.
The decision whether commercial refrigeration sales or rent depends on your preference, your budget, and your business needs. If you need a refrigeration model that you can’t afford at the moment, and you don’t want to put a dent in your cash flow, then renting is the better option.
If you want to know more about the benefits of renting commercial refrigeration, see our Rent vs Buy section.