Toro Pioneers New Leasing Options For Golf Course Irrigation
The Toro Company provides new leasing options for golf course irrigation. With Toro Financing’s new operating and capital lease options, golf courses can upgrade to the latest irrigation technology without costly upfront expenditures.
Operating leases for central and satellite control systems offer many financial advantages to customers, including eliminating the need to tie up credit lines or large amounts of cash. In addition, because monthly payments are considered operating expenses within the maintenance budget, the cost is treated like a rental expense on most balance sheets, rather than a capital expenditure.
Flexibility is another notable benefit of Toro’s short-term operating leases. When the lease expires, typically in three years, the customer can simply upgrade their system with any new technological advances and then establish a new lease. Or, if preferred, the existing system can be purchased at the end of the lease period at fair market value.
Capital leasing is another alternative offered by Toro Financing. This option allows customers to bundle design fees, installation costs, Toro irrigation products and other system components, such as wire and pipe, into one low monthly payment. For added flexibility, Toro Financing can combine both lease types to meet specific financial requirements.
Toro’s leasing options are designed to help golf courses get the most advanced irrigation equipment available without tying up working capital or negatively impacting cash flow. In addition, because the courses benefit from the latest irrigation technology, additional financial benefits are realized through savings in maintenance and water costs.
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