Equipment Finance Agreement Vs. Lease: What’s The Difference?

An equipment finance agreement and a lease are two different ways of obtaining equipment for a business. While they have similarities, there are important differences that need to be understood. An equipment finance agreement involves borrowing money from a lender to purchase the equipment, with the equipment serving as collateral for the loan. On the other hand, a lease involves renting the equipment from the owner for a specified period of time, often with the option to purchase the equipment at the end of the lease term. To know more visit the below-mentioned source link.

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