Bahram Mirhashemi earned a bachelor’s degree in social ecology from the University of California, Irvine, and has spent his career in the sales field. Currently, Bahram Mirhashemi is a senior account executive with Pacific Rim Capital, a firm that is in the business of leasing material handling equipment.
Material handling equipment is a crucial part of many different industries. These machines, which include large machinery such as forklifts and cranes, do jobs that a human would not physically be able to handle. While this type of equipment is essential for activities like construction, it is also quite costly for the average business. For this reason, companies will need to consider whether buying or leasing equipment is best for their circumstances.
Leasing material handling equipment is an option that is attractive to many businesses. There is limited cost up-front, they are on a fixed term, and businesses can be assured that any maintenance issues will be taken care of. However, leasing entails committing to a monthly expense without actually owning any of the equipment. Businesses do not acquire an asset to help recoup their money.
When purchasing material handling equipment, the expense is going towards something tangible. The company will eventually own the equipment and be able to use it as long as they need, whenever they need. However, many businesses do not have the kind of capital needed to make a large purchase like this. Other times, they only need the equipment for a short time or a single project. In those cases, leasing makes the most sense from a short-term financial perspective.
If a business needs a variety of types of material handling equipment it is going to be advisable to look at leasing options. For a business that only needs one thing, such as a forklift, having that piece of equipment for its entire lifespan could be worth the upfront costs of purchasing.
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