What is equipment leasing?

[neetubm]

Equipment leasing is basically a loan in which the lender buys and owns equipment and then "rents" it to a business at a flat monthly rate for a specified number of months. At the end of the lease, the business may purchase the equipment for its fair market value (or a fixed or predetermined amount), continue leasing, lease new equipment or return it.

[leaseq1]

Equipment leasing is the processing of securing the use of computers, machinery and other types of equipment by way of a rental agreement. By entering into a contract to utilize equipment for a specified period of time, a business or individual can enjoy the benefits of usage without the responsibility of ownership.