Acquiring a dishwasher can be an expensive business and let’s face it, with all of the choice in the market it can be an intimidating task. Then on top of this you have to decide whether to Buy, Lease or Rent.
Buying capital equipment involves a substantial cash sum going out of the business in one go. Lease purchase will acquire you an asset, be less of a strain on cash, is great for budgeting, but will cost you a more in the long term. If the machine lasts only 3-4 years then any type of purchase is a bad idea as it will have no residual value. If the dishwasher is likely to last for close to 10 years then it’s a great idea and you have the opportunity to ‘sweat your assets’.
If you are not sure about the possible life of a machine then Rental option is the best. A good rental agreement will offer manageable monthly payments, a labour and parts warranty included within the life of the term, regular servicing to keep your machine in top working order, replacement if you do get a ‘Friday machine’ and an option to upgrade in your term if your circumstances change.
Buy, Lease or rent, there are arguments for all. Whatever the case make sure ensure you are protected with a period where you don’t have to worry about the costs of repair or maintenance”