Leasing vs Buying

If you own a business, you probably know how important equipment is for your operations. When budgets are tight, you may have thought about leasing or financing the equipment you need. While both methods can have benefits, leasing may be more advantageous for you.

Which is Better?

Equipment leasing is more affordable and can provide you with the option to upgrade old equipment after the lease ends. It may be more difficult to do this when purchasing your equipment, as you will have to buy the equipment at much higher prices.

Save Money

When it comes to taxes, you may be able to deduct the full amount of your lease payments depending on the type of equipment you are leasing and the type of lease you have. This is a superb advantage, especially for new and smaller business owners.

Maintenance & Repairs

Another possible benefit of equipment leasing equipment leasing is that you may not have to worry about what happens if the equipment breaks down. In some cases, the leasing company will be responsible for maintenance and repairs, saving you even more money.

Compare Leasing with Buying

If you are opening a new business or already a small business owner wanting to expand or modernize your company, compare the differences of leasing your major equipment versus buying it. You’ll probably find out what many other business owners already know – you can save money!

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