Equipment Lease

Lessor and lessee enter into an equipment lease agreement in which the lessor agrees to provide the lessee with the use of certain equipment for a set length of time in exchange for periodic payments from the lessee. Leasing instead of buying new equipment is a typical solution for businesses that need access to cutting-edge instruments but can't afford the substantial outlay required to buy them outright. Leasing also allows you to obtain new equipment without making a large upfront investment or worrying about depreciation losses when the machine becomes obsolete.

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