Business equipment leasing is a lease agreement between a business and a leasing company. The leasing company provides the business with an array of business equipment, usually at a discounted rate. The equipment is typically delivered to the business and is maintained by the leasing company. The terms of the lease agreement are negotiated between the business and the leasing company. Leasing companies offer a number of different types of leases, including short-term, long-term, open-ended, and turnkey leases. Short-term leases usually last for six months or less, while long-term leases may last up to five years. Open-ended leases allow businesses to extend the term of the lease indefinitely at their discretion. Turnkey leases provide businesses with all of the necessary equipment, software, and support in order to get started using the equipment. The main benefits of business equipment leasing are convenience and cost savings. Leasing companies typically have more inventory...
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