Leasing Equipment: When, How, Its Advantages & Disadvantages

Sandhu & Sran Leasing & Financing12 Sep, 2024Finance

Leasing equipment is a popular option to renting or purchasing equipment, particularly for organizations that need expensive machinery or vehicles. Leasing equipment in Abbotsford involves establishing a contract with a leasing business that allows the borrower to use the equipment for a set amount of time in exchange for regular payments. A typical equipment lease agreement often includes provisions such as the lease’s length, payment schedule, and the lessee’s obligations for maintenance, repairs, and insurance.