That’s right – you can lease your commercial entrance matting for your large commercial building! Leasing your matting can be a good option for building owners who have a limited budget for capital expenditures, or who would prefer to have their matting costs come out of their maintenance budget instead (like rental mats).
Here’s four great reasons why leasing your entrance matting might be right for your building:
- Substantially lower initial cost. The biggest advantage of leasing your entrance matting is that it allows you to outfit your building with a proper entrance matting system without a large initial expenditure. Because these types of leases rarely require a down payment, you can obtain the matting your building needs without significantly affecting your cash flow or taking a chunk out of your capital expenditure budget for the year.
- Tax deductible. Lease payments can usually be deducted as business expenses on your corporate tax return, reducing the net cost of your lease. And because it’s treated as an expense rather than an equipment purchase, you don’t have to worry about accounting for asset depreciation.
- Flexible payment terms. Leases usually have less-stringent credit requirements than loans, making easier to obtain. They also usually have more flexible terms than loans for buying consumables. This can be a significant advantage if you have limited credit, or need more matting than your current budget may allow.
- Planned upgrade cycles. Leasing allows businesses to address the problem of obsolescence. While regular maintenance can greatly extend the life of your entrance matting, it is still a consumable with a finite service life. Leasing allows you to turn an irregular, large-dollar-value purchase (that often gets overlooked and deferred to the future) into an easy-to-manage monthly payment. You can set up the lease to last as long as the projected lifespan of your mats, and once you get to the end of your lease it can be rolled over into a new lease for brand new mats!