Lease vs Buy: Making Key Equipment Acquisitions Decisions
Over the past several years, the economic recovery has presented a multitude of challenges for businesses across the U.S. These challenges have been significant for those in the food and agribusiness sector. Crop, feed and fuel price volatility has impacted margins and has been difficult to hedge and manage. The effects of immigration laws and their impact on the availability of qualified labor have impacted the bottom line as well.
Economic times are challenging many businesses today. Capital investment in new plant, storage and transportation equipment is essential to maintain the competitive edge. As such, liquidity and access to low cost sources of capital are critical to current and long-term growth.
Equipment finance companies provide flexible solutions to meet unique business needs. For many, acquiring equipment through leasing or other financing methods is more flexible and customizable to meet specific business needs than other more traditional funding options.