Used cnc lathe leasing

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Manufacturing companies everywhere nowadays are looking for creative ways to reduce their costs. This includes creative methods to reduce the cost of capital equipment. Hence more and more companies that are in the market to purchase new cnc lathe equipment are seriously considering purchasing used cnc lathes. As you may know, there are two ways in which you can acquire a used cnc lathe. One is to buy the machine and the other method is to lease the used cnc lathe with a one dollar buy out at the end of the leasing period. Both methods have their advantages and disadvantages. In this post, I would like to introduce a third way in which you could have the capacity to get access to a used cnc lathe in your machine shop.

And that is by taking over an existing lease on a used cnc lathe. Some companies obtain lease financing on their used cnc lathes with a one dollar buyout at the end of the lease. Half way through the lease, they may end up in a situation whereby they need to get rid of the lathe machine for various reasons. The machining contract may have been completed or they need a bigger machine or whatever. In any case, see if you can take over their lease on the used cnc lathe and also the option to buy at the end of the lease. This can work out in your favor because the seller of the used cnc lathe may have already paid the last month’s payment upfront as is usually the case. And since you are entering part way into the lease, your leasing period is much shorter on the used cnc lathe.

The existing lease finance company may be more than willing to work with you because frankly they are in the leasing business and they would be more interested in continuing to receive lease payments than let you go with your business of leasing a used cnc lathe some place else. This is not very common in the industry now, but nevertheless very much exists and might very well be worth looking into. One word of wisdom though -- see if the seller will include all of the tooling with the used cnc lathe. Sometimes, they buy the new cnc lathe with the tooling package and work that into the lease and if they are going to sell you the used cnc lathe machine but keep back the tooling then you are getting short changed on the tooling which itself could run several pennies! Remember buy smart; sleep well!