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Should you acquire or lease earthmoving equipment?

Better Loan Solutions in Mornington PeninsulaLearning CentreInsights

Should you acquire or lease earthmoving equipment? 


Choosing between equipment loans and leasing when buying earthmoving equipment can be difficult regardless the size of your business.


Generally, the choice should align with your business's financial capabilities, your growth plans and your equipment needs. Leasing may be more attractive if you expect rapid technological advancements that could make your equipment obsolete. Otherwise, purchasing might be a better option.


One of the most common choices is to own the equipment outright. There are several advantages to owning your equipment.

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The best person to talk to about business equipment will
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