Heavy equipment is something that you may not know what to do with on a regular basis. For example, do you need heavy equipment hauling Los Angeles? Or are you looking to lease your own equipment so that you can use it when you need to do so? How can you afford these options and make sure that it’s done right? You may have to do some searching, but eventually, you will find a company in your area (sometimes even a bank or credit union) that specializes in these types of leases.
Heavy equipment leasing can happen in a number of ways. There are three main ways that you will see this done: the fair market value lease, the dollar buyout lease, and the wrap lease. Each of these different types of leasing has different stipulation and you can get exactly what you need in an efficient manner. Let’s take a look at each of these types of leases briefly so that you know what type may be best for you.
The first type of heavy equipment leasing is a fair market value lease. These leases allow you to return, renew, or purchase the piece of equipment in question once the lease has ended. A dollar buyout lease allows you to do the same thing, but you must buy the piece of equipment. The good news? The piece of equipment only costs a dollar when the contract runs out. A wrap lease allows you to essentially consolidate an old lease with a new lease on a new vehicle. This makes life easier, especially if you have a large company that is constantly getting new vehicles. It makes for less paperwork. No matter which you choose, many leasing companies have great deals for you to choose from.