Starting a Janitorial Business: Buying vs Leasing Equipment

Starting a janitorial business can be a very financially rewarding endeavor if you do it correctly. One of the financial decisions that you will have to make is whether to buy or lease your equipment. Here are a few things to consider about this choice.

Initial Investment

One thing that you are going to need to consider is the initial investment in equipment. If you do not have much money on hand, leasing is going to be the best route to take. Leasing is not going to require you to provide a down payment, and you will be able to make a small monthly payment for the equipment.

Long-Term Costs

You should also think about the long-term costs. If you are looking at things from a long-term point of view, you are going to pay more money for leasing the equipment than if you purchased it yourself. Purchasing your equipment is going to allow you to avoid having payments forever. The overall cost of purchasing the equipment is going to be less than if you leased it. You just need to decide if the initial savings or the long-term savings are more important for your situation.

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