Commercial Dishwashers: Renting Is A HUGE Waste!
Let’s face it; no matter how big of a deal you’re getting, quality kitchen equipment purchases can cost a pretty penny. If you take into consideration the amount of work they help us to accomplish, equipment pieces are worth every single cent spent. Why is it then that 54% of commercial dishwasher users decide to rent or lease their dishwashers instead of being able to call them their own?
First of all, many food service operators believe that they’ll save loads of money renting a machine instead of taking the plunge into commercial dishwasher ownership. This may be true if you think your business is going to fail fairly quickly but otherwise...no. Renting a dish machine can actually end with you paying twice the amount of the worth of the unit! Seriously, who wants to pay for two dishwashers you don’t even get to keep?
Jackson, manufacturer of high quality dish cleaning machines, has been kind enough to give us a visual aid to explain the amount of savings a business could have if they have purchased a machine rather than lease or rent one. The below chart includes the overall cost of ownership (parts and labor) and initial fees.
|Purchase vs. Lease-to-Own vs. Rental|
|Year||Cost Description -Machine Purchase||PurchasePrice||Cost Description -Lease-to-Own||Lease-to-Own5-Years + $1.00Buy-Out Option||Cost Description -Rental||Rental|
|1||Machine Purchase||$3,200.00||Monthly Payment, Parts and Labor||$981.12||Rental Fee||$1,000.00|
|2||Parts and Labor||$48.00||Monthly Payment, Parts and Labor||$1,029.12||Rental Fee||$1,000.00|
|3||Parts and Labor||$49.44||Monthly Payment, Parts and Labor||$1,030.56||Rental Fee||$1,000.00|
|4||Parts and Labor||$50.92||Monthly Payment, Parts and Labor||$1,032.04||Rental Fee||$1,050.00|
|5||Parts and Labor||$52.45||Monthly Payment, Parts and Labor||$1,033.57||Rental Fee||$1,050.00|
|6||Parts and Labor||$54.02||Monthly Payment, Parts and Labor||$54.02||Rental Fee||$1,050.00|
|7||Parts and Labor||$55.65||Monthly Payment, Parts and Labor||$55.65||Rental Fee||$1,102.50|
|8||Parts and Labor||$57.31||Monthly Payment, Parts and Labor||$57.31||Rental Fee||$1,102.50|
|9||Parts and Labor||$59.03||Monthly Payment, Parts and Labor||$59.03||Rental Fee||$1,102.50|
|10||Parts and Labor||$60.80||Monthly Payment, Parts and Labor||$60.80||Rental Fee||$1,157.63|
|Notes: Parts and Labor begin in year 2, following first year warranty. Parts and Labor begin at 1.5% of original purchase price and increase each year by 3% Rental Program costs remain constant each year. Chemical company typically provides machine service if customer is purchasing chemicals from them.|
The folks at KaTom hope this has helped you to understand the amount of money you can save when you purchase your own dishwasher!
Do you have any questions about commercial dishwashers? Let us know by commenting on the blog, sending us a tweet, hitting up the KaTom Facebook wall, the KaTom Google+ account, or our Youtube channel!!!