commercial fridges brisbane
Business Services

Should You Rent or Buy Commercial Fridges?

A variety of commercial fridges make up some of the most important assets to any business in the food and retail industry; however, it is also one of the most expensive investments they have to make. The commercial fridges Brisbane shops have not only help preserve perishable goods, but also serve as a nice display, ready to serve cooled drinks to customers.

If you are a newcomer in the industry, your biggest concern would be how to procure said commercial fridges. Nowadays, businesses either buy them outright, or simply rent them. Which option is the better one? Well, both of them have their good points, so let’s compare them to see what would be best for your situation.

 

commercial fridges brisbane

Advantages of Renting Fridges

As expected, the majority of commercial refrigeration sales Brisbane has is from larger, more established companies. As mentioned before, commercial fridges take up a lot of money, not just on the initial purchase, but subsequent electricity bills and maintenance fees as well. This is why smaller, newer companies may not have the money for the upkeep.

By renting instead of buying the commercial fridges Brisbane offers, companies free up much needed capital that can be directed towards other things, or spent towards simply maintaining the fridges.

Another huge advantage of renting fridges is the possibility of upgrading your unit. Let’s say that 2 months into renting your fridge, a newer one comes out. Your provider might be able to give you an upgrade easily. While the upgrade option is also available for any commercial refrigeration sales Sydney has, upgrading rented fridges is easier compared to upgrading purchased ones.

Advantages of Buying Fridges

According to the experts of commercial refrigeration Cold Display Solutions, buying is a better option once your company has grown stable enough to sustain itself. While renting may be the easier way of acquiring assets for new companies, in the long term you might find yourself paying more for renting than buying the fridge outright. Imagine, you have to keep on paying for rent, plus service charge if the company offers maintenance as part of a fridge rent package.

However, if you buy your fridges, they might cost a lot upfront, but you don’t have to deal with recurring monthly payments after that. Some companies just don’t feel right spending a specific amount of money per month for an appliance that isn’t even theirs. By purchasing your fridges, they become an asset of your company.

Another good thing about buying your own fridges is that you’re not subject to the provider’s terms and conditions. Since rented fridges are not your property, you have to abide by someone else’s rules and standards. If you don’t like this extra concern hanging over, then buying fridges is your best bet.

Verdict

As mentioned at the start of the article, there’s no obvious winner to the debate between renting or buying the commercial fridges Brisbane providers now have. It all depends on how much money you have, how much you’re willing to spend, and the responsibilities that you’re willing to shoulder, whether for the short-term or the long-term.

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