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Why Lease Equipment
Basically equipment leasing is a loan in where
the lender buys the equipment you need and rents
it to you. At the end of the lease term,
you will have the option of purchasing the
equipment, re-lease the equipment, lease new
equipment, or return the equipment.
For
new and growing businesses equipment leasing
doesn't tie up your cash into depreciating
assets such as office equipment. With
leasing you have no down payment unlike a loan
and you have fixed payments throughout the lease
term which works well for budgeting.
Equipment leasing is also considered to be more
easily attainable compared to a loan; which
usually requires extensive documentation and
often requires collateral. Equipment
leasing won't deplete your cash reserve or have
a
negative impact on your balance sheet. |
