The main difference between equipment financing and equipment leasing is ownership.
Financing means you take out a loan to buy the equipment. You own it from the start and pay it off over time. This is good if you need the equipment for a long time and want to own it.
Leasing means you rent the equipment. You make regular payments to use it but don't own it. At the end of the lease, you might be able to buy it, rent it again, or return it. Leasing can cost less upfront and give you predictable payments.