Equipment Leasing Tips – Avoid Potential Pitfalls

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The benefits of leasing are many as evidenced by the fact that 80% of US companies lease some or all of their equipment. These benefits range from conservation of working capital to tremendous tax advantages.

While leasing does deliver a number of benefits there are also a few risks that you should be aware of. These risks can create frustration and could cost your company valuable time, energy, and a significant amount of money. With the right due diligence your company will be able to avoid these potential pitfalls and use leasing to help your business grow.

The following items are key elements to lease agreements and should be reviewed and scrutinized prior to signing your agreement. In order to ensure all risks are accounted for your agreement should be reviewed by your attorney.

1) Purchase, Return,

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