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Equipment Leasing: Rather than purchasing expensive equipment, it is often cheaper for a business to lease equipment. Equipment leasing is often used for construction equipment, office equipment, manufacturing equipment, printing equipment, telecommunications equipment, medical equipment, vehicle fleets, agricultural equipment, industrial equipment, and technology equipment. Equipment leasing is basically a loan in which the lender buys and owns equipment and then rents it to a business at a flat monthly rate for a specified number of months. At the end of the equipment lease, the business may purchase the leased equipment for its fair market value (or a fixed or predetermined amount), continue leasing, lease new equipment or return it.
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