An overwhelming majority of businesses lease some of their equipment. For many companies, leasing equipment makes great business sense – especially for those who earn money directly from the use of the equipment they are leasing.
Equipment leasing allows businesses to pay for the equipment as they use it and is a great alternative to loans. Leasing allows businesses to keep their bank lines of credit open and sometimes even allows businesses to get the equipment they need for less cash up front.
In an equipment leasing transaction, the leasing company owns the equipment, while the user of the equipment becomes a renter of the equipment by way of a long-term lease (rental) contract. At the end of the lease term, the customer is typically given the option of purchasing the equipment for a very reasonable price.
Park Western knows equipment leasing!
In business since 1987, we are known for our creativity and flexibility when it comes to setting up lease contracts that benefit our customers. Combine our unequaled customer service with those two characteristics (and our longevity), and we are a company that you can be proud to do business with – and proud to refer to others.