Equipment Leasing
Equipment Leasing: Rather than
purchasing expensive equipment, it is often cheaper for a business to lease
equipment. Equipment leasing is often used for construction equipment, office
equipment, manufacturing equipment, printing equipment, telecommunications
equipment, medical equipment, vehicle fleets, agricultural equipment, industrial
equipment, and technology equipment. Equipment leasing is basically a loan in
which the lender buys and owns equipment and then rents it to a business at a
flat monthly rate for a specified number of months. At the end of the equipment
lease, the business may purchase the leased equipment for its fair market value
(or a fixed or predetermined amount), continue leasing, lease new equipment or
return it