Is there any better feeling in the world than knowing that you own something outright? From a home to a car – being able to say that you own the possession in its entirety can be very reassuring, but unfortunately we’re not all in a position to buy equipment at the drop of a hat. Assets cost money and when it comes to equipping your business with the tools and resources that it needs to function; you could well be looking at tens of thousands of dollars to buy what you need. So do I finance or lease? Thankfully, there are two solutions that can help those without the financial support to cover equipment costs; without needing to fork out the cash up front. They are commonly referred to as leasing and financing – and although similar in nature, each option carries its own set of advantages. So, Do You Finance Or Lease Business Equipment Purchases? First lets define the 2 options… What is Equipment Leasing? In the simplest terms, leasing is the act of ‘hiring’ equipment, machinery and products without actually having to own them. You could approach a supplier and ask to use their facilities, under the condition … Continue reading Do I Finance Or Lease When Buying Equipment For My Business?