Q.What is equipment leasing?
A.Leasing is simply an alternate means of financing equipment or other property. When leasing equipment, the lessor retains ownership. During the contract period fixed payments are made and the equipment is returned on a future date that is stated in the agreement.
While some leases are fairly straightforward, we strongly suggest you carefully read the fine print, and then have the lease reviewed by an attorney and accountant. Equipment Leasing often is trickier than it seems.