Renting Vs. Leasing
Renting equipment is one way of adding equipment to your operation. It is true that renting allows you to get equipment often times quicker than waiting to have something built, and also allows for your business to be easily scalable in good times and bad. The downside is the very large payment and eventual ownership down the long tunnel. Leasing or traditional financing of equipment does lock you in to ownership, but also allows for greater freedom with cash flow, outright ownership at the end of the specific term, creates credit history and often times greater financial strength on your Balance Sheet. Contact your Territory or Specialty Markets Rep to review your needs.