Leasing offers a simple and flexible way of acquiring the assets and equipment you require to operate and grow your business, serving as an alternative to paying cash, taking a loan, issuing debentures and other forms of financing. Leasing has many benefits, and is defined as a contractual agreement under which the owner of an asset conveys to the user the right to use the equipment in return for a number of specified payments (usually monthly) over a specified period of time (Lease Term). The owner of the equipment is known as the Lessor, and the user of the equipment is known as the Lessee.
A Lessor can be an individual or a corporation, and in most cases are corporations specializing in financial services, such as Easylease. Depending on the structure of the lease, at the end of the lease term the Lessee can either purchase, return, or continue to lease the equipment. Read on to learn more about the benefits of leasing, the types of assets you can lease, and the wide array of flexible leasing options available to you through Easylease.