Finance leases can be an ideal solution for businesses that lack sufficient credit history or collateral for a business loan. In this type of equipment leasing agreement, an equipment leasing company retains ownership of the equipment your business leases. Your business would have all the associated benefits and risks, but you would not actually own the equipment.
Typically, the terms of such a lease are for the entire economically productive life of the equipment. A finance lease gives you the advantage having the most up to date equipment for your business without the drawbacks of obsolescence or value depreciation that come with ownership.
Our exclusive buyer’s guide, Equipment Leasing: Outfitting Your Business for Success, goes into greater detail regarding the different types of lease agreements available, including benefits and drawbacks, and offers valuable tips for choosing the right provider. When you download the guide, you will also receive free, no obligation, highly competitive quotes from top business equipment leasing companies.
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