When deciding how to finance the purchase of your business equipment, it is important to weigh the pros and cons of each option. It’s important to make an informed decision in order to do what’s best for you and your business. Here are some of the benefits to leasing your business equipment:
Leasing can overcome budget limitations. If you have a tight capital expenditure budget that does not allow for the purchase of new equipment, but an operating budget that has plenty of room for monthly payments, then leasing may be for you! You can have your equipment up and running for as little as the first and last payment!
Leasing increases your purchasing power. When you choose to lease your equipment, you’re empowering yourself to do more with less. By breaking up the total cost of your equipment into payments, you preserve your cash flow for other expenses like increased inventory.
Leasing reduces risk for your company. By leasing your new equipment, you can grow your business without any high, up-front expenditures. This reduces the risk usually associated with growth, because you do not have to overextend yourself to acquire additional equipment.
Does leasing sound like it would be a good fit for you? Learn more about how American Capital Group can help your business by filling out our free Quick Quote!