Buying a Waste Oil Furnace? 6 Reasons to Consider Financing
Over time, waste oil heating can deliver substantial savings on a business’s heating costs. Still, not every company is comfortable covering the upfront costs all at once.
At Clean Energy Heating Systems, we get that. Even with the impressive return on investment (ROI) that our waste oil furnaces have delivered to our customers, we realize business owners need flexibility when it comes to investing. That’s why, in partnership with leading financial institutions, we offer financing options to our customers. We want every business to feel financially secure from Day 1 as they reap the rewards of waste oil heating.
The Perks of Financing a Waste Oil Furnace
- Prevents You from from Feeling Cash-Strapped
When you finance your purchase, you avoid having to make a large outlay of money in one fell swoop. Financing can help you more easily absorb the cost of not only the equipment, but also of installation and delivery, too.
- Gives You Financial Bandwidth for Other Investments
Without a big initial payment, you’ll retain more money to invest in other areas of your business where and when you see the opportunity for attractive returns.
- Helps You Have a Backup Plan in the Event of an Emergency
Unexpected and unwelcome surprises happen to every company. But if you have money readily available in your bank account to address them, you can avoid a financial disaster. By choosing to make manageable lease payments over time rather than paying a large sum of money that depletes your savings, you can put yourself in a better position to handle unanticipated business expenses.
- Makes Managing Your Business Budget More Straightforward
Fixed lease payments make it easier to figure out what your costs for heat will be from one month to the next. This is especially significant when your business generates enough waste oil to eliminate the need to buy heating fuel from external sources. And even if you don’t generate all the waste oil you need, you’ll still substantially reduce your costs while removing the guesswork from forecasting expenses.
- Could Possibly Benefit You at Tax Filing Time
Monthly lease payments, which are typically tax deductible, help to reduce your taxable income and thereby lower your tax liability throughout the fiscal year.
- Might Give Your Credit Rating a Boost
Credit bureaus love when individuals and businesses finance a purchase and demonstrate responsibility by paying their monthly lease obligations on time. As a result, your credit score might increase—which could help you get approved for other major purchases in the future.
Where Can You Learn More About Financing a Clean Energy Heating Systems Waste Oil Furnace?
Just visit the Financing page of our website, complete the form, and we will then contact you about the flexible terms and low monthly payments available. If you have any questions, contact us. We’ll answer all of your questions and guide you through the application process!