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Checklist for what to consider when leasing.
At Magnum we can provide businesses in the East Anglia area with advice and support on a wide range of business issues. This article includes information on leasing equipment.
Leasing equipment rather than buying it can often be better for your bottom line, but it is important to read the fine print and weigh up all the factors before signing anything.
Above all, shop around and compare deals.
Below is a checklist of the most important factors to consider.
This list is by no means comprehensive. There are many other potential pitfalls with leases such as warranty issues, regulatory requirements, taxes, license fees, and public liability.
If you are in the East Anglia area and are looking for support and help from experienced accountants and business advisers, contact Magnum.