Equipment Leasing

Also, just about any type of equipment can be leased nowadays, new or used. For this reason, more and more companies are opting to lease the equipment they need instead of purchasing it. In addition, many leasing companies will allow a company to lease up to $50,000 in equipment simply by filling out a one-page credit application. These deals can be completed in as little as three working days. Leasing itself is really nothing more than an alternate form of equipment financing where the lessor (owner) purchases the equipment from a vendor on behalf of the lessee (user). The lessee maintains possession and usage of the equipment provided he insures the equipment against theft or damage, and pays the lessor a monthly user fee. At the end of the lease, the lessee can purchase the equipment (usually for $1.00) or give it back to the lessor and begin a new lease, or simply walk away.