Powers Candy Co. Inc Buy Local Products Services Customers Vendors Contact Us Equipment Sales & Service When searching for equipment there are questions you should ask yourself before making a final decision. Is it better to buy or lease? What happens if your equipment breaks or needs service? Am I getting the best deal? How knowledgeable and reputable is the Company I am purchasing from? What will my return on investment be? Will I receive signage, POS material? marketing support? What about set up and delivery? Who will train my staff on upkeep and maintenance? Can I try the product before I buy the equipment? What is my competition doing? Whether you choose to lease or buy equipment, we've got you covered! We pride ourselves on going above and beyond Customer expectations with our specialized equipment programs and our knowledgeable staff will help you chose what solution will best fit your needs. Buying: When you purchase equipment from us we don’t drop it off on your doorstep and say; “Good Luck.” Rather, we take the time to meet with you and discuss all your options before you invest in a program. In addition to the initial equipment consultation we provide: Free Goods Program: The majority of our equipment programs include free product to help offset the cost. This benefits you in multiple ways: Not only do you receive the tax benefit from the purchase of the equipment, you can sell the product you received at no cost for 100% profit! Set up & Delivery: Our install team will have the dimensions of the equipment you are looking to purchase and measure the area where it will be installed prior to ordering to be certain it will fit and you have the proper electrical and/or water lines needed to run the equipment. Once the equipment arrives at our warehouse, our quality control team tests it for any manufacture defects before it is delivered to you. After the equipment passes inspection, you will be notified of a time and delivery date for installation. Service Support: In addition to the manufacture’s warranty, we provide you with service support. Our technicians will train your employee’s on the daily/weekly/monthly maintenance schedules that need to be done to keep your equipment running smoothly and efficiently. If your equipment breaks down, we will dispatch a technician to your location the same day (depending on location/drive time) to evaluate the problem. If your equipment cannot be fixed on site and/or parts need to be ordered, we will provide you with a loaner until your equipment can be fixed so you do not experience downtime and lose valuable revenue. (supplemental service fees may apply) Marketing & Merchandising Support: Before we install your equipment, our marketing and merchandising team will meet with you to discuss any backdrops, graphics, POS material, menu boards and any other items you will need such as racks, shelving, condiments etc. to go with your program. All these items will be delivered and set up at the same time as your equipment. Research & Development: Our industry is constantly changing and through our partnerships with our manufactures we negotiate pricing to find you the best deals. We analyze the competition and target markets to bring you new and innovative ideas to increase your profit margins. This service or any of services don’t stop with the sale. We are with you every step of the way to make certain your new venture is a success! Leasing: There are many benefits to purchasing equipment, however it can be a large investment; leasing may be a better option for you. Our team will work with you to customize a lease to buy program that will fit within your budget and you will receive all the benefits we offer with our purchase program. The drawback on a lease program is in the long run, the investment is higher than purchasing it outright. Our R&D team put together a buying vs. leasing pros and cons list for you to consider based on multiple sources. The Pros and Cons. Buying Pros: You will own the equipment, so you can make any alterations necessary. Maintenance is also in your hands, so you can make sure problems get fixed immediately. You won’t have to wait for issues to be addressed or need permission to make changes. You have the option to sell the equipment when you are finished with it, allowing you to recover some of the cost. Tax incentives under Section 179 of the IRS Tax Code are larger for purchasing equipment but have limits. If your equipment doesn’t qualify under Section 179, you may be able to leverage a depreciation deduction for the equipment you have purchased for your business. Buying is easier because you don’t have to deal with agreements and contracts. You simply pick out what you need and pay for it. This works great for smaller equipment that is easy to store, as well as equipment that has a long life. You have complete control over what you get because you aren’t limited by the leasing company’s options. If you want a particular model or brand, you have the ability to order exactly that. Cons: You will have a higher initial cost as opposed to lower monthly payments that may be easier to budget. It may be difficult to pay for costly equipment all at once. Higher initial costs may keep you from buying exactly what you want and may force you to settle for a lower-cost option. There is also the option of getting equipment financing that uses the actual equipment as collateral on your loan, securing very low interest rates, smoothing out payments and facilitating cyclical upgrades. For technology that is outdated quickly, you are stuck with it because you own it. You then have to decide if it is worth it to continue to use it, repair it, store it or sell it. You are responsible for all maintenance, including costs. This can get pricey depending on what issues you encounter, and making repairs is not always simple. You could potentially be burdened with broken equipment that you can’t return or sell. Keep an eye on the product warranty to see if it covers repairs and for how long. Leasing Pros: This method is good for equipment that needs to be updated often because you can acquire updated technology easier and quicker. If you are needing to update your equipment on an annual basis to remain competitive, leasing allows you to avoid being stuck with outdated equipment. There is less expense up-front with leasing because you have easy, predictable payments. You don’t have to deal with one large lump sum to purchase what you need, making it easier to budget for the equipment over a longer period of time. Leasing is often 100% tax-deductibleas an operational expense under the 179 IRS Tax Code. Leasing is flexible and offers more options when it comes to the type of equipment you get. You aren’t as restricted by high up-front costs or other hesitations to try something new that may help your business. With leasing, you don’t pay for maintenance. If something breaks or has issues due to normal wear and tear, the leasing company is in charge of fixing the equipment. Cons: You usually pay higher costs over time than you would if you paid up-front. Most leasing options require interest to be paid as well. Since you don’t own the equipment, it gives you absolutely no equity. You won’t have the option to sell the equipment once you are finished with it, so there is no potential to make any money back. The available length of lease terms may be longer than you need. Strict agreements may force you to pay for and keep a piece of equipment for a longer time frame than you require, resulting in wasted funds and space. This can be especially difficult for larger pieces of equipment that you need for a short period of time but don’t have storage space for. Maintenance is up to the leasing company’s specifications, so it may be difficult to get things fixed. In some cases, you may disagree about what the leasing company should be responsible for, and when they do proceed with repairs, you may have to wait to get things fixed that need immediate attention. Availability of products may be limited depending on the stock of the leasing company. Your choice of brands or models could potentially be out of stock or not carried at all, so you could have to settle for something else. Determining costs for equipment through either method should include considerations of tax deductions and/or the potential resale value. Consider the potential revenue derived from using this equipment, how quickly the equipment will be outdated, the size of the equipment and the overall costs. Each decision regarding equipment leasing or buying should be made carefully to best fit your company’s situation and needs. Sources: quickbooks.intuit.com; IRS, enterprise holdings company. Contact Us Business hours are Mon-Friday 8am – 5:3pm MST. To contact us during business hours, please call: 208-237-3311. For after hours please fill in our contact form by clicking the button below. Thank you. Click Here To Contact Us Subscribe to our Customer email list Stay in the loop by subscribing to our Customer email list. 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