Renting vs Financing a Commercial Compactor

If you own a business, such as a quick serve restaurant, you know that you produce a lot of waste. Garbage, recycling, and hauling fees likely take up a large percentage of your budget each month. Rather than throw away money, consider the benefits of a commercial compactor. A commercial compactor can help reduce your waste costs in several ways, including:

•  Less garbage space – When you compact your waste, it takes up far less space. This can greatly reduce your waste costs as haulers typically charge based on weight and/or capacity.
•  Lower removal frequency – The less a hauler has to come and remove your trash, the more money you will save.
•  Better sanitation – By minimizing and compacting waste, you can increase the cleanliness around your dumpsters and better contain the unsavory side effects of accumulated waste, such as smell.

These are just a few of the benefits you can enjoy by using a commercial compactor. If you have decided that this would work for your business, you may be wondering if it is better for you to rent or purchase one. Below, the experts at Global Trash Solutions (GTS) have laid out the pros and cons of both renting or financing a commercial compactor to help you make the best decision for your business.

Renting a Commercial Compactor

There are several great benefits to renting as opposed to purchasing a commercial compactor. The main benefit is that because you do not own it, you are not responsible for maintenance costs. The rental company will make any necessary repairs and maintenance. In addition, a rental company makes the process easy for you. Unlike getting approval for financing, renting does not dig into your financials as much. As long as you are a viable business, you should be approved. This might be a good option to consider if you are a new business that does not have the clout to get financing to purchase one just yet. There are also other benefits to renting. If you decide to rent a baler, for example, you might be able to offset rental costs in exchange for commodities. Depending on what you are using it for, it is possible the rental company may want the end product that you produce. Renting may also be a good option if you do not own the property your business is located on.

However, there are a few cons that you should certainly consider when determining if renting a commercial compactor is right for you. The main drawback is that you do not own it and will be required to make monthly rental payments for it as long as you use it. A compactor is likely a necessity for your business, whether you buy it or rent it, because it reduces your waste bill. If you ever get rid of it, your bill will increase. Once you see its many benefits in action, it is highly unlikely that you will want to get rid of it.

Financing a Commercial Compactor

Because of these cons, you should strongly consider purchasing a commercial compactor over renting one. Depending on the type of compactor you purchase, you can plan to spend between $12,000 and $85,000. Most businesses do not have that much cash on hand for one purchase. In instances like this, it is likely that you would choose to finance the compactor instead. Financing offers you a few great benefits. While you will have an interest rate and pay more, you have the option to pay over time instead of coming up with a huge sum in one go. Once purchased, the compactor will be yours, and you will not have to worry about paying a rental fee each month. Each monthly payment on your financed sum will be going towards your investment, not simply profit in someone else’s pocket.

How Can I Rent or Finance a Commercial Compactor?

If you are interested in renting or financing a commercial compactor, GTS is happy to offer either service. The average life of a commercial compactor is 10-20 years, depending on the type of equipment and how it is maintained. This is a great span of time for such a large investment. We have a one-page application for financing and will get you a reply within 72 hours.

In addition to financing our compactors, we can also offer you an extended warranty on financing and maintenance coverage for the first year. After this time, we can work out a maintenance plan to ensure you get the most out of your investment.

At GTS, our team of consultants will guide you to the best decision for your business. We will explain why we suggest one option over the other and ensure that the cost of the unit does not exceed the savings it offers.

If you are interested in saving trash space, hauling costs, and even helping the environment, contact the experts at GTS about their wide range of services and products, including the world’s best indoor trash compactor. Call us at (866) 760-8194, send us an email to newsletter@globaltrashsolutions.com, or visit our website https://globaltrashsolutions.com/ today.

Global Trash Solution’s Environmental Stewardship Philosophy

Global Trash Solutions (GTS) has a company goal to reach “zero waste” emission. At our corporate office, we reduce, reuse, and eliminate on a daily basis. We also extend this philosophy to our customers.

One way we help our clients make a better environmental impact is to analyze their waste processes and determine what can be eliminated. For example, we encourage our retail clients to reduce waste through the elimination of Styrofoam packing materials. We not only encourage elimination, but also help them find better alternatives. One alternative is promoting the use of recycling over trash services. A big area clients and the environment can benefit is through the recycling of old corrugated cardboard (OCC). We also promote single stream recycling, where all items including glass, aluminum, plastic, and paper are put together for pickup. In many cases, we find that recycling services are a cheaper alternative to using only trash services. It is also the most beneficial option for the environment. If a client was not previously using recycling services, we will encourage them to begin doing so.

Our experts can also help clients find the right equipment for waste reduction and elimination, such as a baler, which compacts and ties trash. This effort has the added advantage of producing waste that can be sold for reuse. We also offer audits to showcase waste minimization numbers, which have great advertising potential for clients. When your clients want to see what you are doing to help the environment, you can easily show them.

We deal with a variety of chains, from McDonalds to Macys, which makes these environmentally beneficial efforts easier to duplicate. While organic waste is biodegradable, food chains still produce waste like cups and other packaging materials. We work to eliminate as much waste as possible by encouraging our clients to move away from non-recyclable materials and use recyclable materials instead. Retail chains have an advantage over food chains, as they can get the closest to zero waste emission. Through recycling programs, including single stream which allows you to combine all recyclables in one bin, to baling and selling packaging materials, retail chains can reduce waste and potentially make money.

As stated, our company’s environmental philosophy is to reach zero waste emission. We have set goals to move toward solar power, electric cars for company officers, increasing recycling efforts, and even creating a compost pile outside our headquarters. We not only have these goals for our company, but also strive to help our clients reach zero waste emission. By taking our recommendations and working towards zero waste, our clients can reduce and, in many cases, even recoup costs, which is beneficial to both them and the environment.