No matter which way you look at it, every business needs a durable, reliable, and high-quality commercial boiler system to help keep it running all year-round. The question is whether it’s worthwhile to outright buy a boiler system or if it makes more sense to lease one instead. Buying a boiler system means that you own it and the only long-term expenses you’ll incur are for maintenance.
For some companies, however, the upfront cost of purchasing a commercial boiler system is just too much. Consequently, there are a lot of advantages to leasing water heaters and commercial/industrial heaters for your business instead of buying it. Either way, this is an incredibly important investment for your business, so you want to make sure that you’re making the right choice.
The process of leasing or financing a boiler or other heating equipment is fairly simple. The first step is to determine the type of boiler system that your business needs based on the square footage and layout of your premises and the heating capacity required.
Next, you should research various local boiler system suppliers. Make sure to choose a reputable heating specialist in Toronto and the GTA, so that you know you’re getting excellent product recommendations, high-quality installation, and expert repair and maintenance services at a reasonable cost. A commercial water heater company in the GTA should be able to answer all of your questions forthright and perform in-depth property inspections to accurately evaluate your heating requirements.
When it comes to financing boilers and commercial water heaters, you should also have a lot of flexible payment options available to you, whether it’s making monthly biweekly payment instalments.
If you’re wondering whether it’s more practical to purchase or rent a boiler system for your business, consider the following facts.
The upfront costs of purchasing a boiler system for your business versus leasing a commercial water heater, radiant tube heater, unit heater, or rooftop unit can be astronomical. Standard commercial boilers need to be replaced at least once every 10 to 15 years. During that time, you’ll likely have to make a few repairs and schedule maintenance appointments, which also drive the cost up.
Replacing a boiler system can cost anywhere between $10,000 on the low end and $50,000+ on the high end, and that’s not including any additional installation or maintenance fees. When you rent a boiler, you only have to pay for the installation fee and low monthly rental price, which usually includes the cost of repairs and maintenance.
Another advantage of renting a boiler system is that you can easily schedule maintenance or repair services as needed. Heating companies in Toronto typically offer these services as part of their flexible and extensive rental packages. Maintenance and repair fees are usually built into your monthly rental payments.
In the event that your financial circumstances change for better or worse, leasing water heaters and commercial/industrial heaters usually gives you more flexible terms and conditions to make necessary financing adjustments. Whether that means downgrading or upgrading your system, or modifying your payment schedule, a reputable commercial water heater company in the GTA will likely offer some contractual leniency.
If you’re looking to rent a commercial unit a commercial water heater or boiler unit from a reliable heating specialist in Toronto or the GTA, look no further than MDM Mechanical. We offer affordable boiler installation, repair, and maintenance services without compromising on quality and care. Our motto is “there’s no shortcut to quality” and we fully stand by it. Contact us today to learn more about your leasing and financing options.