To be able to operate successfully, your business might need to acquire assets or capital equipment, such as plant or machinery. These assets may include office furniture, computer equipment, company vehicles, engineering machines, or service equipment.
You could buy all of this equipment outright, or you might decide to rent or lease it instead. There are advantages and disadvantages to both options.
For example, if you're contemplating purchasing a product whose technology and capabilities could quickly become obsolete, leasing may be a better, more suitable option.
Here are some other advantages to leasing: