A contract to use equipment for a set time in exchange for scheduled payments.
For example, instead of spending $95,000 to buy a commercial printer outright, a marketing firm signs a 4-year equipment lease with monthly payments of $2,100, preserving working capital while having access to the latest printing technology — with an option to upgrade at the end of the term.
Why it matters: It provides access to essential machinery without a massive upfront capital outlay, preserving cash flow for other operational needs.
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