Are you short on cash, but need new equipment to grow? Then the option to lease the equipment you need may be for you. What is equipment leasing you may ask? Equipment leasing is basically a loan in which the lender buys and owns equipment and then rents the equipment to a business at a flat monthly rate for a specified number of months. At the end of the lease, the business may decide to purchase the equipment for its fair market value (or a fixed or predetermined amount), continue leasing, lease new equipment or return the equipment.
Any business at any stage of development can lease equipment. Leasing can also finance the soft costs often associated with equipment purchases. Lease financing is generally more expensive, but in most instances an equipment lease is easier to obtain. The range of funds available is unlimited. Finding an equipment leasing company is very easy, especially with the help of the internet. Almost all equipment a business could possibly need is offered a lease option with most leasing firms. It's a good idea to get a quote from the leasing firm referred by the company that wants to sell you the equipment. The quote should be competitive. But it also pays to get another equipment leasing quote.