Similar to a long-term car rental, you get to use the vehicle for a specified amount of time in exchange for periodic payments. When your lease is over, you can return the vehicle or buy it for the residual value.
Just like with a commercial vehicle lease, you get access to the equipment you need for a specified length of time in exchange for periodic payments. Once the lease is up, you can return or buy the machinery for its residual value.
There are important differences between buying a vehicle or piece of equipment (either outright or with a loan) and leasing it. Consider both options before making your decision, or speak to one of our lending specialists for help.
|Financing with a loan or buying outright|
|Financing with a lease|
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