Reasons why you should finance instead of searching for Skid Steer Rentals

September 15, 2022

Let’s face it, jobs can get done more efficiently with a skid steer. 

Whether or not you’re in the position to buy, rent, lease or finance a skid steer is another question entirely. Here at Blue Capital Equipment Finance, we’d like to give you the lay of the land. 

There are a few obvious reasons why you’d want to consider financing a piece of heavy equipment rather than signing the terms of any skid steer rental. 

Optimal For Your Current Financial Situation

An established construction or landscaping business may not have an issue outright buying a skid steer loader. The question is, do you have financial room to shovel out $50,000 to $70,000 on a brand new skid steer, let alone all of the attachments? 

Upon reading this you may realize this is not the case for you!

Although skid steer rentals may be an option for you, financing a skid steer can offer you more value while saving existing cash. There are also various types of leases, offering you much-needed flexibility. 

Prefer to own the asset at the end of the lease? No worries, you can always sign up for a capital lease. Do you just need a better rate compared to skid steer rentals but have no intention of owning it? In that case, an operating lease that’s tax-deductible may be the best option for you. 

See our leasing options for more details. 

Option of Adding Long-Term Value to Your Company

Financing any piece of heavy equipment can add the value of an asset to your company. Unlike skid steer rentals, financing a skid steer loader will cost less outright while allowing your business to own the asset at the end of the term. 

Financing a skid steer also takes the guesswork out of its cost. Whether you’re looking for a John Deere or a Bobcat skid steer, your payments will be a simple, fixed amount. Similar to renting a skid steer, these financing payments are also considered a business operating expense. The payments you make can be deducted against your operating income, ensuring that you save money on taxes directly. 

Are you curious how much your payments would be? Check out our free loan calculator to estimate your payments today. 

Save Money & The Hassle of Maintenance Costs

If you own a business, you know that assets need to be periodically maintained. 

Construction and landscaping equipment is made to withstand a lot of punishment, but eventually, breakdowns will occur. 

Whether you purchase a track loader, a mini excavator, or a skid steer loader, maintenance must be considered under your operating expenses. Thankfully, there are maintenance packages that can be added to monthly finance payments. 

Now you may be wondering, why would you want to pay a monthly maintenance bill for my skid steer? The main advantage to this is you know exactly what you’re paying for your equipment upkeep. In addition to getting low-interest financing, a small fee on the lease will ensure your heavy equipment’s repair costs are all taken care of for a hands-off approach. 

Finance with a Reputable Heavy Equipment Leasing Company

At Blue Capital Equipment Finance, we can help you find the right piece of equipment for the right price point. There may be situations in which you may consider skid steer rentals, but financing has considerably more long-term value. 

If you need assistance taking the next step, don’t hesitate to reach out to us to get approved for financing today!