Decide whether to lease or buy assets

Introduction

To be able to operate successfully, your business will need to acquire assets or capital equipment, such as plant or machinery.

These assets may include office furniture, computer equipment, company vehicles, engineering machines or service equipment.

You could buy all of this equipment outright, or you might decide to rent or lease it instead. There are advantages and disadvantages in both options. This guide explains how the choice between buying and leasing can affect your business.

Subjects covered in this guide

• Introduction
• How to finance assets
• Types of leasing
• The pros and cons of buying equipment outright
• The pros and cons of leasing or renting business equipment
• The tax implications of buying and leasing equipment
• Buying assets: understand depreciation
• Choose a finance company

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