Why Lease?

So now you've got the basics of lease transactions down pat, but the question remains...Why Lease?

For many businesses, equipment leasing is a practical alternative to making an large out of pocket cash purchase. Whether you're just starting your business or are and established company - one thing remains the same - Your business requires some type of equipment in order to operate. Studies have shown that the majority of companies, regardless of age, size and/or location, lease some of all of their business equipment.

Again you ask, but Why Lease?

Equipment leasing offers companies a variety of advantages. As stated previously, equipment leasing allows businesses to obtain equipment they need now without touching liquid capital they may or may not have available. You will find that most leases require very little, if any, out of pocket expenditures. For example, equipment leases can be structured to meet your organization's needs of deferred payments, specific monthly payments and/or seasonal payments.

Ok that sounds good. What happens at the end of the lease?

Again you have options. When the lease expires, the you have the option of renewing the lease, initiating a new lease or purchasing the equipment. Our next post will expand on your end of lease options.