Ontario Agriculture

The network for agriculture in Ontario, Canada

Advantages of Leasing and Financing Used Construction Equipment

The significance of construction equipment to the relevant industrial sectors is immense and entrepreneurs associated with construction industry are aware of the ever-present value of these machineries. However, with time and situational financial limitations, equipment owners are advised to opt for leasing and financing of used construction equipment. Many have realized that leasing and financing of used construction equipment is considered as an effective risk management strategy that facilitates cash management advantages. Read below to know how:

Leasing can lead to improved and flexible cash management: Businessmen can improve and manage their money and cash-flow efficiently with the help of leasing without affecting their trading processes. Leasing of used construction equipment also helps them to keep the money at hand for other more essential trading purposes and for buying new equipment. The practice also leads to a more efficient, predictable and affordable paying system. Equipment owners who have faced economic downturn in previous years would surely appreciate this process for the financial flexibility it provides.

Reduce risks associated with assets: Leasing and financing of used construction equipment can lead to reduced risks associated with managing assets and their financial value. For instance, the cost of maintenance of equipment is mitigated in this case as the owner opts for renting out of used machineries. This also saves time and business for trader who would have otherwise spent a fortune on his equipment devices. Renting out used construction equipment also ensures that the machines comply with the apt regulations.

Manage usage of equipment: For contractors and businessmen who are constantly deal with new and varied projects, renting out of used construction equipment is the solution. Owning particular set of machineries and purchasing new equipment would limit their area of operation and would prove to be expensive to them. Hence, leasing and financing of used construction instruments depending upon client projects and timely requirement seems to be the best and most apt solution for them.

Besides all these financial and commercial benefits, there is another less-known advantage of leasing or financing of used construction equipment; the strong and reliable financial relationships built between traders. This not only builds strong resources for further business ventures but also earns strong allies who may provide advices on improved capitalization strategies.

Views: 60

Comment

You need to be a member of Ontario Agriculture to add comments!

Join Ontario Agriculture

Agriculture Headlines from Farms.com Canada East News - click on title for full story

Depopulation could destabilize food systems

It’s difficult to argue that climate change isn’t the most pressing threat to our agri-food sector. Farmers, processors, distributors, retailers and transporters have all been forced to adapt in real time to extreme weather events, shifting growing seasons and volatile conditions. From droughts to floods to wildfires, climate change has tested the resilience of every link in the food supply chain. Yet, for all the challenges the sector has faced – and will continue to face – due to climate pressures, it has managed to cope reasonably well. Investments in technology, new crop varieties, smarter logistics and infrastructure upgrades have helped absorb many of the shocks. But there is another looming threat – quieter, slower, and far more difficult to reverse – that few in the industry appear prepared for: depopulation. At its core, the food industry is built on one assumption: that there will always be more mouths to feed. Growth in population has long been a proxy for market growth.

Labour shortages create dragnet for agri-food

Canadian agriculture and agri-food consistently punch above their weight. Agriculture and agri-food contribute $111 billion per year – more than $30 million per day – to the Canadian economy, or over six per cent of our GDP. However, there are still more than 16,000 job vacancies on Canadian farms, and this labour crisis is resulting in avoidable financial strain. With that considered, you would think that smoothing out the regulatory red tape – especially on access to labour for farmers – should be highest priority for federal and provincial governments when the shortage is both critical and chronic, proven with many years of data and evidence. When COVID-19 challenged supply chains, action was taken to secure our food supply, but this level of urgency and priority for the sector appears to have come to an end. Producers and workers need new solutions Agriculture is theoretically prioritized in the immigration regulations, but it continues to be squeezed by on all sides. Agriculture

Syngenta brings new fungicide to Canadian potato growers

The Orondis Advanced premix combines a Group 29 and Group 49

Mastering Controlled Burns -- Essential Safety Tips for Farmers

Controlled burns can improve soil health and manage vegetation, but they require careful planning and strict safety measures.

Carney heading to China to talk ag and other issues

Prime Minister Carney is expected to discuss ag when he visits China next week

© 2026   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service