Should you acquire or lease earthmoving equipment?
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
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.
With our in-house mortgage broking division we bridge the gap between the
countless phone calls and emails between lender and accountant making your refinancing and borrowing much less stressful.
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The best person to talk to about business equipment will
be your finance broker, who can help assess your businesses
situation and compare your options.
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Spending big over Christmas can risk undoing good budget habits. Thinking differently opens up lots of opportunities to spend less while still experiencing the joys of the season.