Article: Equipment Leasing Or Purchase? ? A Common Problem
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Equipment Leasing Or Purchase? ? A Common Problem
For many businesses today the question of whether to buy or lease equipment is not an easy question to answer. Businesses with older management teams tend to follow a traditional line and steer clear of what they see as 'getting into debt', preferring to wait until they have sufficient funds in the bank to allow for the purchase of equipment. Businesses with younger management teams, who have grown up in a world where credit is part of everyday life and waiting for anything is simply unheard of, will readily embrace equipment leasing in preference to purchase. So who is right?
As with most things in life, there is of course no 'black or white' answer to this question, but here are a few things which businesses should consider when looking at acquiring new equipment.
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