Why Lease or Finance
Equipment leasing has become an accepted and economical source of financing. It is fast, 100% financing specifically designed for business.
It can be a single transaction, covering a specific term or items of equipment, or may be written as a “master lease” with the specific descriptions of equipment displayed by separate schedules executed at different times.
In 2017 nearly 8 of 10 businesses used at least one form of financing when acquiring equipment. Over $1.02 trillion was financed. Of the equipment financed last year, 39 % was leased. By 2020, total investment in equipment to be financed is anticipated to be $1.24 trillion.
The top three reasons on leasing or financing equipment in the next year across all company sizes are optimization of cash flow, protection from equipment obsolescence and tax advantages.
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