In the process of getting established in the marketplace, start-up small business owners often have to spend a significant amount of money to build the required infrastructure to operate their respective business. One of the first decisions that have to be made is whether or not to purchase this equipment outright and own it completely.
While the purchase process and ownership of the latest and greatest equipment, with all the bells and whistles attached is satisfying on a visceral level, it may not be a sound business decision. Another option may be available that should be considered.
Leasing equipment is one option that should be considered. While the company does not own the equipment, the initial capital outlay will be considerably less and the “life-cycle” costs may be lower as well. Prior to making this decision, an evaluation of the pros and cons must be undertaken.
The bottom line is to look at every option that is available to you and make an informed decision on the costs and benefits of each option.
For Additional information on Lease and Purchase, please click on this Link: http://goldbeaconcapital.com/equipment-lease-vs-loan-infographic/.