Navigating capex budget constraints: 3 steps to secure essential equipment

In today’s challenging economic climate, acquiring necessary equipment for your organization can be a daunting task, especially when capital expenditure budgets are tight. However, with the right strategic approach, organisations can obtain the equipment they need sooner. Here are three actionable strategies to consider:

1. Rent the floor cleaning equipment you need

Renting equipment provides a flexible and cost-effective solution for organisations hesitant to commit to large capital expenses. With fixed-term rental agreements, you gain certainty with fixed monthly payments that cover servicing, training, and even some parts and consumables. Moreover, rental payments are fully tax deductible, offering long-term cost savings. Renewing rental terms on well-performing equipment further optimises return on investment (ROI) and extends asset lifespan, presenting a compelling case for financial stakeholders.

2. Purchase second-hand equipment

Embracing sustainability while reducing capex spend is achievable through purchasing second-hand or used floor cleaning equipment, such as sweepers and scrubbers. This options present substantial cost savings compared to new purchases, while still providing reliable performance. Reconditioned machines that have been refurbished by qualified technicians often come with brand new parts and a warranty period, ensuring peace of mind in your investment. By exploring second-hand markets, organisations can access essential equipment at a fraction of the cost.

3. Don't delay for the new fiscal year

Instead of delaying equipment acquisition until the new fiscal year, leverage any remaining balance of your current budgets to invest in the necessary floor cleaning assets. Taking action now ensures you are positioned for operational efficiency and productivity in the coming period, without unnecessary delays. Additionally, capitalising on end-of-financial-year (EOFY) rates and clearance stock cam secure some great rates. 

Act now for EOFY savings 

Conquest Equipment currently have stock available for immediate delivery and invoicing before June 30, and a limited number of refurbished machines.

Contact Conquest today for a no obligation consultation about your industrial or commercial floor cleaning requirements. 

Disclaimer: All finance and tax information is of a general nature and not to be taken as advice. Please consult with an accountant or tax agent for advice tailored to you.