Mining Equipment Leasing: Picking What Fits Your Project

Leasing mining equipment?  

Start with your project's needs.  

It's not just about the coolest, biggest machines... it's about what works for you. 

Size vs. Efficiency: What’s Your Pick? 

Big machines look great.  

But do you need all that size?  

Sometimes, a smaller, smarter machine does the job better (and cheaper).  

Think about what you really need. 

Real Talk with a Real Example 

Take XYZ Mining (let's call them that).  

They had a choice: a giant loader or a smaller, tech-savvy one.  

They went small.  

Why?  

It fit the job better.  

It was cheaper to run and easier to handle. Smart move, right? 

In short, with mining equipment leasing, it’s all about matching your gear to your game.  

Get this right, and you're setting yourself up for a win. 

Doing Your Homework before doing a Mining Equipment Lease 

Ready to lease mining equipment?  

First, hit the books. You need to know what's out there.  

It's like mining, but for information. Dig into different leasing companies. What are they offering? What makes each one stand out? 

Compare, Compare, Compare 

Got your list of potential leasers?  

Great. Now, line them up side-by-side.  

It's like comparing apples to apples. Which deal gives you more bang for your buck?  

Look beyond the flashy offers.  

What's really in it for you? 

The Devil’s in the Details 

Fine print.  

Boring, right?  

But here’s the thing… it’s full of surprises.  

(And not the good kind…)  

Hidden costs, weird clauses, penalties… all hiding in that tiny text. Read it.  

All of it.  

It might just save you from a bad deal. 

Doing your homework before signing a mining equipment lease can save you a ton of trouble.  

Know what you're getting into.  

That's how you strike a deal that’s gold, not fool's gold. 

Exit Strategy in Mining Equipment Leasing: Know Your Way Out 

End-of-Lease Options: What’s Your Move?  

Lease ending?  

You’ve got choices.  

Buy the equipment, extend the lease, or hand it back.  

Think ahead.  

What fits your future plans?  

Don’t wait until the last minute to decide. 

Start with the End in Mind 

Here’s a pro tip: Plan your exit from the start.  

When you first sign that lease, think about how you'll wrap it up. 

It's like reading a map backwards. Know where you're headed before you start. 

Know the Options: 

End of lease terms can come with several options. 

Here’s some of them:  

• Equipment Finance Agreement: Own It at the End 

Think of this like a car loan. You pay monthly, and when the lease is up, the equipment's yours. No surprises. It's a straightforward path to ownership. 

•  FMV Lease: Fair Market Value Decisions 

FMV lease? It's about options. When the lease ends, you can buy the equipment at its current market value. If it's still valuable to you, great. If not, just walk away. 

•  FMV Lease with a Cap: The Safety Net 

 Here’s a twist. Some FMV leases come with a "not to exceed" clause. It caps the buyout price. You won’t pay more than a set percentage or dollar amount. It's like having a safety net. 

•  10% PUT Option: A Bit of Certainty 

With a 10% PUT option, you know upfront how much the final buyout will be – typically 10% of the original equipment cost. It adds a bit of predictability to your lease end game. 

Remember… a well-thought-out exit strategy is key in mining equipment leasing.  

It puts you in the driver's seat, right from the start.  

Plan your lease's end like you plan your project – with foresight and strategy. 

Wrapping It Up: Nailing Your Mining Equipment Lease  

Recap: The Golden Rules 

Remember these tips: 

• Match the gear to your project. Size and efficiency are key. 
• Do your homework. Compare offers and read that fine print. 
• Plan your exit from day one. Know your end-of-lease options. 

Knowledge + Strategy = Winning Lease Deals 

Go into leasing with your eyes open. It's not just about getting equipment.  

It's about smart business moves. Be strategic.  

The best deals are out there for those who look for them. 

• The Payoff of a Good Lease 

  A well-negotiated lease can do wonders. It keeps your operations running smooth. It saves you money. And it lets you stay ahead with the latest tech.  

  In the mining world, that’s not just useful. It's essential. 

  In short, approach mining equipment leasing like you would any major decision – with knowledge, strategy, and a clear view of what you want to achieve. Get this right, and your lease will be more than a contract.  

  It'll be a key part of your success story. 

  To get started, give us a call at (866) 631-9996 or fill out the form below. 

Want to learn more?

Check out our Ultimate Guide to Mining Equipment Financing