What is equipment leasing?
A lease is an agreement where one party (the lessee) pays to use equipment owned by another party (the lessor) for a specific period. Instead of buying the equipment outright, the lessee makes regular payments and typically has options at the end of the lease term, such as returning the equipment, renewing the lease, or purchasing it.
Leasing is often used to reduce upfront costs, preserve cash flow, and access the latest equipment or technology without long-term ownership commitments.
