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TheStartupMag

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Leasing Vs. Buying: What’s the Best Option for Acquiring Business Equipment?

  • Deciding between leasing or buying equipment can prove daunting for various reasons.
  • Factors to consider include the business's financial health, the type of equipment, and the trade-off between flexibility and control.
  • Leasing is suitable for equipment that depreciates faster, while buying is ideal for equipment with longer lifespans.
  • Carefully evaluating business needs and growth plans is crucial in making the right decision.

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