Your options regarding leasing or buying depend upon the nature of your particular business, but there are nevertheless a few guidelines you can follow to help you decide what you should do.
Many small business people wonder whether it’s better for them to buy or lease capital equipment for their businesses.
Your options regarding leasing or buying depend upon the nature of your particular business, but there are nevertheless a few guidelines you can follow to help you decide what you should do.
If you have the money available, and the item is really necessary to your business, then it will usually benefit you to buy the item outright. If there is no way you can find the finance (i.e., you have no money) then you will have to finance the purchase out of cash flow, which means leasing it.
Read more on our blog: Should you lease or buy equipment?
Free Download: Buy vs Lease vs HP Asset Analysis Calculator
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