Why do company goes for leasing assets?
There are several reasons why a business may want to lease assets instead of buying them. First of all they don't have to fork out the up front cost of buying them. They can just pay as they go. They may not need the equipment for a long time. If that were they case and they only needed it for a short time they would be better off just getting a short term lease.
Next it takes out some of the uncertainty. You know in advance what your cost will be for that asset. It may not always be lower, but at least you know in advance what it will be. This makes it easier for you to plan.
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