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What is the difference between Equipment Leasing & Equipment Financing?

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Firstly, it’s very crucial to know what is considered “equipment”, to understand equipment financing and leasing. In the matter of equipment financing, any asset, rather than building or property, used in the terms of a business considered as business equipment. For example, cranes for manufacturing firms, an oven for pizza restaurant, X-Ray machine for healthcare, as well as a large vehicle for Transport Company, all qualify as business equipment. Most of the businesses give preference to  equipment finance  when they want to purchase expensive equipment for their business. Moreover, business owners select finance option while purchasing equipment, to free up money to invest in other areas of the business. Therefore, equipment finance is very helpful option for businesses.   There are main two options for equipment finance 1.     Equipment leasing 2.     Equipment financing Here are some important factors that you n...
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Refinance Your Home Loan in Melbourne: How to Ensure Better Rates and Save Thousands of AUD

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