Asset lease
An asset lease enables you to have the use of your business equipment and the benefits of ownership while a lender retains actual ownership of the equipment. The lender purchases the equipment on your behalf and you then pay the lender a fixed monthly lease rental for the term of the lease. At the end of the lease you have the option to either pay a residual on the lease and take ownership of the equipment, sell the equipment or re-finance the residual and continue the lease.
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