The age-old wisdom is that you should buy your scaffold outright, however, what we're going against the grain and saying don't purchase scaffold equipment - look to finance it as an effective way to save you money.
A big challenge for construction firms is being able to understand which equipment they should buy outright or which equipment they should acquire through different means. One particular piece of equipment that construction firms tussle with is scaffolding and what they should do the next time it comes to them needing scaffolding.
If I Purchase Scaffold Equipment Outright, Won't That Save Me Money?
It all depends on the type of business you are, if you're a supplier of scaffolding then obviously you're going to want to buy scaffolding outright (otherwise there isn't much point in your business).
For a construction company though, there isn't much point in owning scaffolding it's extortionate to buy scaffolding outright and trying to determine how much you'll need before a job which requires scaffolding even appears, is near impossible.
A more cost-effective way would be to lease the scaffolding equipment as and when you need it. By financing, you're avoiding massive outlays for scaffolding equipment that may be too much or too little for what you actually need.
When you finance you can be a lot more precise about the equipment you need because you know the type of project it will be and, therefore, know how much scaffolding is required.
This, as opposed to sticking a finger in the wind, buying some scaffolding equipment, and hoping it'll be enough when the time comes round, make a lot more sense. You also save yourself some physical space, allowing you to utilise your premises better.
Stay In Control With A Scaffolding Lease
Opting to lease scaffolding equipment allows you to be in control of how much you pay back per month. A new business that may struggle to afford scaffolding equipment?
No worries, simply opted for a longer lease term with a lower monthly payment so as to keep your cash flow as healthy as possible.
Or, are you an older, more established firm? Then opt for leasing and keep the money you have worked so hard for, in your business as opposed to wasting it on an asset that may only be used a few times a year.
After your agreement is up and, due to changing circumstances, you find that scaffolding should remain a more permanent part of your businesses assets then you'll have the option with Love Finance to purchase the equipment outright.
If you're looking to finance your next batch of scaffolding or still need a little more persuading then give us call, we'll be happy to answer any questions you have as well give you a free quote on your next project.