Why Lease?

Printer-friendly version

Simply put, leasing is a way of obtaining an asset for a defined period of time.

Why is leasing so popular today?

Vehicles and equipment are getting more expensive. The average person can go into "budget shock" just doing the math before buying a new piece of equipment. A substantial down payment and high monthly payments make owning new equipment difficult.

Reasons to lease

• Preservation of your operating line.
• You pay tax only on the monthly payment, rather than up front on the full price of the equipment.
• It's easier to use new equipment more often (every 2-3 years).
• There's the peace of mind of knowing your equipment is under warranty.
• You have options at lease end. You can buy the equipment, re-lease the equipment, or use the equity as a trade-in.
• Conserve your cash flow by not laying out the cash up front.