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Equipment Leasing
— Virtually every business can benefit from leasing in one form
or another. Also, just about any type of equipment can be leased
nowadays, new or used. For this reason, more and more companies
are opting to lease the equipment they need instead of
purchasing it. In addition, many leasing companies will allow a
company to lease up to $50,000 in equipment simply by filling
out a one-page credit application. These deals can be completed
in as little as three working days. Leasing itself is really
nothing more than an alternate form of equipment financing where
the lessor (owner) purchases the equipment from a vendor on
behalf of the lessee (user). The lessee maintains possession and
usage of the equipment provided he insures the equipment against
theft or damage, and pays the lessor a monthly user fee. At the
end of the lease, the lessee can purchase the equipment (usually
for $1.00) or give it back to the lessor and begin a new lease,
or simply walk away. |
