Bastian Solutions Explores Benefits of Buying Versus Leasing Industrial Equipment
Indianapolis, IN -- (SBWIRE) -- 05/09/2016 -- Megan Hewitt-Ruzicka, Bastian Robotics Purchasing Specialist, discussed how interest rates, depreciation, down payments, and more can all be factors in whether to purchase or lease industrial equipment.
When it comes to procuring industrial equipment, manufacturers need to look at the best options for their company. Many businesses often seek to save as much money as possible when it comes to acquiring this type of equipment. Some businesses have available capital to invest in purchasing new equipment, while others prefer leasing. There are benefits to both buying and leasing industrial equipment, but the ultimate decision should be based on what is best for the particular business.
Many factors play a role in determining the best acquisition method. Good starting points to look at include:
- Interest rate and depreciation for buying
- Residual percent for leasing
- Down payments for both options
Ultimately, the decision whether to buy or lease industrial equipment is dependent upon the business' financial status and investment strategy. Generally, smaller start-up businesses would likely see that it makes sense to lease. Conversely, larger companies have the financial support to buy outright.
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About Bastian Solutions
Bastian Solutions (http://ow.ly/LaOTe), a global material handling systems integrator and expert in e-commerce fulfillment automation is an innovator in the fields of material handling automation, goods-to-person systems, wearable AR technology, supply chain software, and robotics.
Bastian Solutions is headquartered in Indianapolis, Indiana, USA, with an additional 16 domestic offices and 7 international offices in Australia, Brazil, Canada, India, Mexico, and Qatar. Uniquely positioned, Bastian Solutions offers customers complete and innovative turnkey material handling systems, from design and simulation, all the way through installation and operations. Bastian Solutions provides integrated material handling systems reducing the total cost of order fulfillment and delivery cycle times for its customers; tremendous productivity gains and a quick return on investment are ensured. Automating supply chain logistics with harmony between material flow, information flow, and operational processes, yields a unique and important competitive advantage. Follow Bastian Solutions on Twitter @BastianSolution.