Business Equipment Leasing vs Financing Hidden Profits Await
The Case for Equipment Financing
On the other hand, financing equipment can be a strategic choice for businesses aiming for long-term ownership. When you finance equipment, you gradually build equity in the asset, which can be beneficial if the equipment has a long useful life. Financing also locks in the cost of the equipment, protecting your business from inflation and price increases over time3.
Moreover, equipment financing can offer fixed interest rates, making it easier to budget and plan for future expenses. Some financing options may also come with flexible terms that align with your business's cash flow, reducing financial strain4.