How Equipment Leasing Works?
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- Thursday, 15 October 2009
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Answer
Equipment leasing is one of the simplest and most economical ways for you to acquire the equipment you need to expand your business and prosper. After you select the equipment and the dealer, the leasing company pays the dealer for the full cost of the equipment and then bills you periodically based on a schedule that fits your need. You choose the lease term – 1, 2, 3, 4 or 5 years – depending on what size payment you feel most comfortable with. At the end of the lease term, you have the flexibility of either returning the equipment, buying it, obtaining an upgrade, or renewing the lease, whichever is most advantageous to you.
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