Equipment leasing is when a business leases its equipment as opposed to purchasing the equipment outright. Equipment leasing can make sense in many scenarios, and this article will provide information to help you decide if you should lease or purchase equipment for your business.
1. Equipment leasing – Info
2. Who leases?
3. Why leasing instead of buying?
4. What can you lease?
5. Qualifying to lease
6. Finding the right leasing company
7. Types of leases
8. Obligations of the lessor and lessee
9. Buying previously-leased equipment
1. Equipment Leasing – Info Equipment Leasing is very common among small businesses. In fact, statistics show that over eighty percent of small businesses lease most of their business equipment. Small businesses as well as individuals lease equipment for several different reasons, and almost always for less than £50,000 per year. Although large businesses and corporations can lease equipment that sometimes runs in the millions each year, there is a very large market for much less expensive Equipment Leasing.
Leasing business or personal equipment makes sense in a lot of cases, and can save businesses and individuals a tremendous amount of money in the right situations. Obviously, leasing does work in quite a few cases, because the equipment leasing business has been strong for many years, and continues to remain so. Banks, which have in past years tended to stay away from the leasing business, are now reconsidering this potentially profitable enterprise. Though not all banks have jumped on the bandwagon yet, more are more are starting to each year.
Some owners of new small businesses who are just starting to build their business equipment inventories are new to leasing. They need to learn the ins and outs of leasing, as well as the reasons why leasing may be better than buying their business equipment outright. Business and personal equipment leasing