Equipment Lease Financing

Cash-starved businesses may want to consider leasing, rather than buying, equipment. Leasing affords you access to many types of equipment: computers, copy machines, fax machines, trucks, and more.

When you lease equipment, a manufacturer, dealer, or lender either buys or already owns the equipment you want. In exchange, you make monthly payments to the owner (lessor). The monthly payment structure allows you to treat the payments as tax-deductible business expenses.

Leasing also makes it easier to keep pace with technology. This is especially important if your business relies upon cutting-edge technology such as the latest computers, communication devices, or other equipment. A series of short-term leases will cost you less than buying new equipment every year or two. Some leases even have yearly computer upgrades built into them -- eliminating the difficult decision of whether you can afford to upgrade.