Question Of The Week: Why Lease Or Finance Equipment?

The majority of U.S. businesses lease or finance their equipment. A new infographic from the Equipment Leasing and Finance Association highlights why this method of equipment acquisition is so popular.

The vast majority (78%) of U.S. businesses lease or finance their equipment, according to the Equipment Leasing and Finance Association (ELFA). Why is this method of equipment acquisition so popular? A new infographic created by ELFA, “8 Reasons to Finance Equipment for Your Business” explains some of the key benefits businesses enjoy when they lease or finance the equipment they need to operate and grow.

“There’s a reason nearly 8 out of 10 companies lease or finance their equipment—it makes good business sense,” said ELFA President and CEO Ralph Petta. “We are pleased to present this new infographic illustrating some of the important ways our industry ‘Equips Business for Success.’”

lease or finance equipment
Credit: Equipment Leasing and Finance Association (ELFA)

Have you leased or financed equipment for your facility? What pros and cons have you encountered? Please share your thoughts and experiences in the Comments section below.