Equipment leasing lets businesses use machinery without owning it outright. Here's a quick rundown:
Usage without ownership: Access and use equipment without owning it.
Fixed payments: Regular, predictable payments throughout the lease.
Flexible terms: Options to extend, purchase, or return equipment at the lease end.
Advantages include preserving capital, staying updated with tech, and potential tax benefits.
Consider weighing total leasing costs and thoroughly understanding lease terms.