Why You Should Lease Your Heavy Equipment

By: Quest Automotive Leasing   |   19 May 2017
Happy workers with a fort lift

If you live or work in Toronto, you’re familiar with our two seasons: winter and construction.


Everyday, it seems like a new condo is popping up down near Harbourfront, and Sheppard Ave. East is no stranger to men and women in hardhats.


If you run a construction business, or need a few pieces of heavy equipment to get the job done, you know just how expensive buying new machinery can be. From the original purchase to managing operating costs, paying your staff, and doling out costs for small repairs, it all adds up.


Leasing heavy equipment has become a popular choice amongst project managers, fleet operators, and business owners alike. Even DIY types are seeing the value in renting over buying.


At Quest Automotive Leasing, we’re not just about automotive leasing. In fact, heavy equipment leasing is one of our specialties. Here’s what you need to know before you lease.


Leasing Gives You Flexibility


Most construction projects run on a contract-basis. You might require a bulldozer for one aspect, but a crane for the next. It doesn’t make sense then, to dish out all of your cash towards one or more brand new pieces of equipment.


Leasing agreements allow construction companies to select an option that satisfies both the needs of the project, and their financial budget. If you happen to require a different piece of equipment halfway through the job, you don’t have to deal with surrendering the machinery and losing money. Instead, you can usually swap the piece of heavy equipment for another and update the lease. You are not locked into purchasing any equipment once the lease is up, and you can walk away, no strings attached.


Less Ownership, Lower Costs


Buying a brand new piece of heavy equipment is a lot of money. Not only do you have to pay the original pricetag, but you’ll be responsible for any additional sales tax, insurance, extra warranty protection, and any repairs or maintenance required.


When you decide to lease your heavy equipment, you can skip out on hefty down payments an expensive monthly installments. Instead, you can enjoy a flexible, custom-built payment plan that works for you and your business. At Quest Automotive Leasing, we have access to a wide range of heavy equipment, and lease to a variety of businesses and individuals. Our Finance Managers work with you one-on-one to establish a custom-fit lease that works with your personal and professional lifestyle in mind.

Whether you need a tow truck, cargo trailer, loader, or even a snow plow, Quest Automotive Leasing has you covered. Heavy equipment leasing means you’ll free up your cash flow, while enjoying state-of-the-art equipment at an incredible rate. Call us today at 1-(888) 969-4541 or contact us online to get started.

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4960 Sheppard Ave. E., Toronto, ON M1S 4A7