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Your Location: Home: Why Lease
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We've all heard that old adage, it takes money to make money. It's an unavoidable fact of business life. We all need equipment to do our jobs and deliver our products or services - and that equipment costs money.
As businesses prepare to compete and grow in a new millennium, many are searching for proven new ways to address their equipment financing challenge. The old ways won't meet today's and tomorrow's needs. The choice for many businesses is clear: equipment leasing.
Equipment Leasing Association (ELA) research shows that eight out of ten U.S. companies lease some or all of their equipment. Of all the ways to acquire equipment, leasing is the method most frequently used, for all equipment types. In fact, almost any type of equipment can be leased - from fax machines and printing presses, to trucks and bulldozers.
According to the U.S. Department of Commerce, U.S. businesses acquired approximately $582 billion in capital assets during 1997 and, of that, about $180 billion were leased. This translates to about 31 percent of all equipment as being acquired through leasing. ELA predicts that leasing will continue to grow by at least 6 percent through 2000.
Find out more ways leasing can help your business by clicking on the links to the left. If you
still have more questions, feel free to contact us.
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