You’re paying for it, but you don’t own it. It’s not an asset you can sell later.
Under Section 179, you can often deduct the full purchase price of the equipment in the year you buy it.
Choosing between leasing and buying restaurant equipment is one of the biggest financial forks in the road for a new owner.
To help you decide on a specific piece of gear, let me know:
No contracts or monthly "rent." You can modify it, move it, or sell it whenever you want. The Cons:
Technology changes fast. Leasing allows you to swap out for newer, more efficient models every few years. The Cons:
Most leases cover repairs and servicing. If the walk-in fridge dies on a Friday night, the leasing company usually handles the fix.
What are you looking at (refrigeration, ovens, etc.)? What is your estimated budget for the initial setup? How long is your current lease on the space?
We will email you within 1 day with the suffix “@topeparts.com”.
Mobile: +1 (631) 780 4666
