ELFA Outlines Eight Reasons to Finance Equipment

According to the Equipment Leasing and Finance Association, 78% of U.S. businesses lease or finance their equipment. The association released an infographic outlining eight reasons why.

The infographic showcases a variety of ways businesses can use equipment finance to their strategic advantage, including:

  • Finance 100% – Arrange 100% financing of equipment, software and services with 0% down payment.
  • Save cash – Save limited cash for other areas of business, such as expansion, improvements, marketing or research and development.
  • Keep up-to-date – Keep up-to-date with technology by acquiring more and better equipment than if the financing option were not available.
  • Outsource asset management – Let equipment financing companies manage equipment from delivery to disposal.
  • Accelerate ROI – Rather than paying one lump sum for equipment, make smaller payments while the equipment generates revenue.
  • Customize your terms – Set customized payments to match cash flow and even seasonal income fluctuations.
  • Benefit from bundling – Bundle the equipment, installation, maintenance and more into a single, easy-to-manage solution.
  • Hedge against inflation – Lock in rates when signing a lease to avoid inflation in the future.

“There’s a reason nearly eight out of 10 companies lease or finance their equipment—it makes good business sense,” said ELFA President and CEO Ralph Petta. “We are pleased to present this new infographic illustrating some of the important ways our industry equips business for success. We encourage ELFA members to use and share this tool to help businesses of all types and sizes learn about the strategic benefits of equipment finance.”

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Terry Mulreany
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