While the appeal of owning your equipment is often strong, leasing can free up significant capital for business owners.  According to a U.S. Equipment Finance Market Study for 2016, 39% of businesses that acquired new equipment leased it compared to 17% in 2012. Leasing capital equipment frees up cash for other financial needs of growing companies. Maybe you’re looking to expand but can’t afford to buy new equipment. Or your industry changes rapidly, making your current equipment obsolete every few years. Leasing capital equipment:

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• Lowers upfront costs, compared to buying equipment outright

• Reduces the chance that your company gets stuck with obsolete equipment if your contract specifies upgrades

• Transfers the cost of equipment maintenance to the leasing company, again according to the terms of your contract

• Provides an income tax break, because you can deduct your leasing costs as a business expense

• Offers an easier way to get the equipment you need if your company’s credit is iffy

• Eliminates the hassle and cost of trashing outdated and sometimes environmentally harmful

• Services for lease

• Software as a service SAAS