The Top 3 Weirdest Industries That Can Benefit from Business Equipment Leasing

Equipment leasing has become a common practice in different industries for the same reason: it allows businesses of any size to mitigate start-up costs and have immediate access to the resources needed to best run their business.

Farming and construction are two markets where equipment leases are common practice. They share a need for machinery that could otherwise be prohibitively expensive, despite their value. Being able to finance equipment helps bring costs down to a manageable amount.

Business equipment leasing can be adopted by a number of different industries. Below are three industries that you’ve never considered that can benefit from this practice.

Towing

The term Owner/Operator is commonly used in the towing industry, but making it Leaser/Operator can be just as effective. Tow trucks are sophisticated vehicles that must meet very rigorous safety standards. They need to be safe and, more importantly, reliable.

For someone looking to get into the towing industry, acquisition of a tow truck is the biggest expense. Choosing to finance equipment allows the operator the freedom to not just choose a better model than they may otherwise be limited to, but to also have the warranty coverage that comes with a lease.

Being able to start a business with set monthly payments instead of an initial expense of that size can be the world of difference for a new operator.

Cannabis

The last few years have seen a whole new attitude toward the cannabis industry develop. From regulation at the state level to the legalization taking place in Canada, producers have a legal entry into a brand-new market.

Leasing is an attractive option for cannabis start-up for a few reasons. First and foremost is that this is an unproven market that still carries risk. At the federal level, the United States still considers it an illegal product. Even in Canada, estimates as to the industries value can vary greatly.

Ownership ties producers to expenses that they may not recoup. Leasing allows them easier entry into the market while allowing them a more flexible exit should the loftier financial projections go up in smoke.

3D Printing

The parts-supply industry is at the start of a massive, industry-wide shake-up. Once the domain of those with the requisite equipment, 3D printing opens the market to anyone who can design or even download the appropriate CAD (Computer Assisted Design) plans.

Since the actual printers are still relatively new, the technology should still be considered in its infancy, even though it’s capable of some remarkable work. By leasing equipment, owners can stay on top of the latest equipment without being tied to an initial first purchase.

Being able to stay current will allow the business to produce better parts, and quicker, which can have a massive influence on profit margins.

The Last Word on Business Equipment Leasing

The mainstream adoption of the internet has let most everyone realize that there’s more opportunity available than ever before. Dream jobs can become reality, and resources have never been more accessible.

Business equipment leasing is the next step for the entrepreneur looking to make an impression in their chosen market while cutting down start-up costs.

For more interesting, informative and just plain weird business ideas, visit the Weird Products section of our blog.

Weirdomatic is the place where all weird things come to life through the amazing world of photographs – a corner of our wild imagination or the whimsical face of the reality?