Need new equipment but can’t afford to buy it outright? Equipment leasing might be for you.
Equipment leasing is a popular way for businesses of every size to affordably keep technology and equipment up to date. Because most leases do not require a substantial down payment, leasing enables you to hold on to your cash and invest it in other areas of your business. Many equipment leases also allow you to trade in your old equipment, an additional feature that makes equipment leasing especially appealing to companies who would otherwise end up with obsolete equipment.
Some equipment leases also qualify you for tax credits. Depending on the lease, you may be able to deduct your payments as a business expense by taking advantage of Section 179 Qualified Financing.