Starting and managing a landscaping business is expensive. You have to think about labor, tools, equipment, and rental property expenses. Without an affordable payment strategy for your equipment, those expenses can quickly add up and leave your business struggling.
Fortunately, there is a solution: using monthly payments to get your landscaping equipment. We’ll also address some of the most common questions about equipment financing so you’ll be ready to take your landscaping business to the next level.
When you are ready to move forward and secure your equipment, consider leasing through Clicklease to help you get started today!
What Is landscaping equipment financing or leasing?
Landscaping equipment financing or leasing is a way to get the equipment you need to keep your landscaping operation running efficiently while meeting client and consumer demands. With the right financing or leasing solution, you get high-quality machinery that accelerates your business growth and encourages clients to keep coming back to you.
Let’s say, for example, you want to start a lawn care business. With equipment financing, you’ll have enough equipment capital to provide basic services such as insect control and gardening.
The great thing about equipment leasing, or other financing solutions, is you can use them to cover the cost of all kinds of professional landscaping tools and equipment, including:
- Utility trailers
- Lawn mowers
- Edgers
- Compact tractors
- Trimmers
- Excavators
- Safety gear
- Sprayers
However, these are just a few of the essentials. Because landscaping and landscaping construction are a vast industries, you’ll need to determine what kind of services you’ll be providing—and pinpoint exactly how much equipment you need. Some examples of additional services that affect equipment requirements include:
- Lawn bed maintenance
- Trimming
- Yard cleanup
- Hedging
- Pruning
- Lawn mowing
- Landscape design
Securing equipment through payments: lease vs. loans
Equipment leases and loans are two solutions that allow you to acquire the essentials your landscape business needs without paying in full up-front. That said, they are not the same.
Just remember with a loan you will have to qualify, and with business accounting records, offer the loan provider added guarantees or a significant down payment, if you can’t make payments.
Leasing may be the better option if you know your business will require major equipment upgrades to keep up with client demands. It also lets you use the equipment right away—with little initial cash outlay—and allows the equipment to pay for itself—as you’ll see below.
Why you should use landscape equipment leasing
With leasing, you obtain possession and use of the equipment right away. You'll make monthly payments for a set period and by the end of the payment period, if you decide to exercise your purchase option, you’ll own the equipment. This process allows you access to expensive landscaping equipment such as commercial mowers and trailers without spending all of the money up front.
And that lets you deliver quality landscaping services for clients. Remember, happy customers equal higher profits, which ensures long-term business growth. In what other ways does leasing put your business at an advantage? Here are a few ways:
- Cash flow: By spreading out your equipment payments on a monthly basis instead of spending it all up-front, you’ll have more cash available for other necessities, such as wages, and healthcare costs.
- Customer retention: Clients want to work with landscaping companies that have the latest and most efficient landscaping equipment. By accessing new equipment, you can provide better services for customers and retain their loyalty.
- Access equipment quickly: Depending on who your equipment financing company is, you may be instantly approved for equipment leasing with no documentation. Now you won’t have to wait to get the essentials you need to provide trimming and yard cleanup services.
- Minimal repair expenses: If your equipment breaks down, you can have some of the repair expenses covered as long as your equipment is under manufacturer's warranty.
- Equipment Upgrade: When your lease ends, you can upgrade to newer equipment with better features that can streamline your landscaping services, or exercise your purchase option if the equipment suits your business needs.
How does leasing landscaping equipment work?
If you are considering leasing landscaping equipment for your landscaping business, remember that the cost of the equipment isn’t the only thing you need to consider.
To get started, think about the piece of equipment you want and if the equipment lender offers payment solutions. If they offer an option like Clicklease, you could access a mower, excavator, or other landscaping equipment quickly!
You can also look for small business leasing or equipment financing options independently and apply to see what you qualify for. From there, you can decide to move forward with a leasing or loan agreement. Once an agreement has been made, you’ll start making payments.
If you choose Clicklease, receive the equipment and once your term ends, and you pay the purchase option, the equipment will be yours.
As you grow your landscaping business, the benefit of having low-payment solutions through a lease can put your company at a financial advantage without accumulating debt.
If you want fast approval for an equipment lease, you need to partner with a company that is connected with the right equipment vendor. This way, you can readily invest in the future of your landscaping services.
At Clicklease, we’re not in the business of turning down small companies simply because they don’t have enough time in business to qualify for traditional financing options. We’re committed to serving small business owners by helping them work with right vendor with reasonable payment options so they can access the equipment they need to succeed.
What makes Clicklease different from other equipment financing companies? With Clicklease's application, you are guaranteed the following:
- Payment option selection
- Instant decisions with lease offers up to $25,000
- Fast process
- No hard credit pull
Landscaping equipment financing FAQ
Still have questions about landscaping equipment? Take a look at some frequently asked questions so you can determine the best financial approach for your business:
1) What credit score do I need to qualify for financing?
That depends on your lender, but most require a minimum score between 550 and 600. Here at Clicklease, we’ll help you find the right landscaping equipment lease that can expand your business and keep you profitable in the long run.
2) Is it better to buy or make payments for your equipment?
That depends on whether you can afford to pay up front for the full costs of equipment. If you can’t, making payments is the better route. You can access your equipment quickly, spread your payments over time, allowing your business to grow revenue immediately, and flourish financially.
3) How long does it take to get approved?
There’s no exact timeframe to this question as it can vary depending on who your lessor or lender is and whether you’ve submitted all the required documents with the application. If you’re applying with an online lender, it might take a day or two to receive a status on your application, and it may take days to provide the required documentation to traditional lenders. Clicklease, in contrast, will provide a decision in seconds.
Lease your landscaping equipment with Clicklease
Now that you understand how accessing your landscaping equipment through payments can put your business at a competitive advantage, it’s time to start planning for your financial future. Get started on finding the right payment plan for the landscaping products your company needs.
