Instead of buying the equipment, leasing it, often helps improve your balance sheet. It lets you acquire equipment without an actual purchase, avoid obsolescence and preserve your working capital.
The business that has already purchased equipment sells it to a leasing company, which then takes ownership of the equipment and leases it back to the business.
Almost any equipment a business could conceivably need offers a lease option. Thought it’s not apparent at first glance, the company offering the lease financing is not the same one that is selling the equipment. The company selling the equipment simply makes a direct referral to a leasing company with which it does business.
Whether itâ€™s office furniture, technology, manufacturing, material handling, or telecommunications equipment, leased equipment is an asset that generates fast returns in savings and revenue.