In today’s fast-paced business environment, it’s no surprise that a high percentage of businesses choose to lease equipment rather than purchase it outright. According to the Equipment Leasing and Finance Association, equipment leasing accounts for approximately 80% of all equipment financing in the United States.
There are several reasons why businesses opt for leasing instead of buying. One major benefit is that leasing allows businesses to obtain equipment without a large up-front investment. This can be especially beneficial for small businesses or start-ups that may not have the financial resources to make a large purchase. Leasing also allows businesses to conserve their working capital, which can be used for other important business expenses.
Another advantage of leasing is that it allows businesses to obtain the latest equipment and technology. With the rapid pace of technological change, businesses that purchase equipment may find that it becomes outdated quickly. Leasing, on the other hand, allows businesses to upgrade their equipment on a regular basis, ensuring that they always have the latest technology at their disposal.
There are also tax benefits associated with leasing. In many cases, businesses can deduct the full cost of leasing payments as a business expense. This can help businesses save money on taxes and keep more money in the company.
Overall, leasing equipment offers a number of benefits for businesses. It allows them to obtain equipment without a large up-front investment, obtain the latest technology, and save money on taxes. With such a high percentage of businesses choosing to lease equipment, it’s clear that leasing is a smart business decision.
Because I specialize in equipment and software financing between $1k – $1mil, it’s important that I move rapidly. And with the help of my team, I’m able to move deals from application to funding within hours.
And not just for well-established companies, I close quickly on start-ups and sole props as well.
I work hard every day, rarely take a day off, and ALWAYS return calls. And with my decade-plus of experience in finance, I know how to work a deal. Call me and find out for yourself.