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.
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.