The advantages of leasing a piece of equipment include:

 

a. The leasing company takes the risk of finding another company to lease the equipment at the end of the lease

 

b. The contractor may have the option to change to a new piece of equipment or a different size at the end of the lease without having to sell the old piece of equipment

 

c. It is often easier to lease than obtain financing to purchase a piece of equipment

 

d. It is usually more flexible with reduced risks

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