It is a well known fact that companies make money by owning or making use of equipment.Many items of equipment become unusable due to technological obsolescence long before they wear out.Other items have longer useful lives, but just cost a lot of money.Non-bank equipment leases will enable you to successfully manage the damaging effects of technological obsolescence on a company, while conserving cash for financing the greater amounts of business activity that result from installing new, productivity-increasing equipment. However, in many instances, purchasing equipment can be more advantageous than leasing.The question is when to own and when to lease.Own equipment that holds it's value or increases in value.Lease equipment that is subject to rapid depreciation in value or obsolescence.Each type of financing has ramifications to the financial statements and books of the company and should be explored carefully.Either type of financing offers a fixed rate and either can give you a competitive edge over the competition.Which type of financing is right for you?We can help you make the right choice!

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