Coolers Inc.

Ice Machine Lease Benefits

Ice Machine Lease Benefits

We’ve listed the top reason why leasing an ice machine can be a beneficial acquisition tool when compared to financing or buying equipment outright.

Flexibility to Upgrade or Swap to Newer Models

With our lease agreement of 36 months, you have the ability to easily swap out the machine every 3 years for a newer model, or, for increased ice production model as your business grows. Compare that to purchasing a machine that typically can last up to 10 years if maintained properly. With that type of lifespan, you may wind up stuck with an outdated machine, or, one that can’t keep up with growing demand for almost a decade. 

Effortless Maintenance

Dirty, poorly maintained ice machines can lead to failed health inspection, inefficient machine performance, frequent breakdowns, etc.  When you sign up for a lease, preventative maintenance is included at no extra cost and is one less thing on your to-do list each quarter. We handle all of the ice machine maintenance from the moment the lease begins.

Low Upfront Costs & Low Monthly Payments

Leasing an ice machine will save you the initial capital investment that you would owe in order to purchase the equipment outright. A lease will be low upfront costs and just one simple, low monthly payment. Our lease agreements start as low as $135/month for qualifying customers through Marlin Capital.

Potential Tax Advantages*

There are a couple tax codes you may be able to take advantage of by leasing equipment vs. financing or buying. 

With a lease, you may be able to write off the entire lease payment each month compared to just the interest payment when you finance. Your monthly lease payments can also be deducted from corporate income to lower your overall taxable income. 

Section 179 of the tax code may allow you to write off the full price of the equipment when you lease without having to purchase the equipment outright.

*Coolers Inc. does not provide tax, legal, or accounting advice. This article is for general informational purpose only, and is not intended to provide, and should not be relied on for, tax or accounting advice. Please consult your own tax and accounting professional.