Buy or Lease, That is the Question
If you have ever owned a business, usually at some point the question comes up: should I lease or should I buy. Simply put the answer really depends on your financial situation as well as the nature of your business.
The first option - buying - can be a good option. After you purchase it there are no rental fees (lease payments) and you can do what you want with your equipment. If you need some quick cash, you can also sell the equipment you purchased. On the other hand, you are responsible for the maintenance should it break down, and if the equipment is rather expensive, equipment financing may tie up all (or most) of the credit available to your business - restricting your business activities.
Equipment leasing is another options when getting equipment for your business. There is no large cash investment, no long wait for a loan, and tax benefits to getting a lease. A big advantage with leasing is that the credit available to your company is not affected by you leasing the equipment - which can ensure your continued operations in the case of a cash crunch. Also, if you have a short term equipment need, instead of purchasing the equipment, you can use commercial leasing to lease the equipment for a period shorter than the expected life of the asset - allowing you to benefit from the equipment without a long term commitment or expensive purchase.
Because of the flexibility and tax benefits of leasing, I would suggest you check them out - you might be surprised as to what advantages leasing gives to your business.
