Should I lease or buy equipment?

Deciding between leasing and buying often comes down to liquidity (how easily accessible cash is for your business). Maintaining enough liquidity is what carries your business through tough times and emergencies. When it comes time to add equipment to your business, you’ll want to evaluate your liquidity and how your buying decision will impact it.

Generally, buying equipment with cash will eat up your liquidity, leaving you at risk. However, if your business has an abundance of cash or the equipment you’re looking at is under $3,000, buying would be a good move.

For higher-priced equipment and businesses looking to preserve the all-important liquidity factor, leasing or financing is often the best option. By breaking down the cost into manageable monthly payments, you preserve your cash while still getting the equipment your business needs to grow.

—Beacon Funding

John Wesolowski

John Wesolowski is a senior leasing consultant at Beacon Funding, a decorated apparel equipment financing company. With over 20 years in the industry, John has helped businesses across the country afford the equipment they need. In addition to his extensive experience, he holds an economics degree from the University of Michigan. John can be reached at or 847.897.2486. 

View all articles by John Wesolowski  
Avatar of Charlie Fox

Charlie Fox

View all articles by Charlie Fox  

Related Articles

Back to top button