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A Brief Look at Equipment Finance Lease
Equipment lease takes many forms. Equipment finance lease is one of these forms, which differ from the ordinary lease in that, the equipment is bought specifically for the company intending to lease it. Sometimes you find companies requiring certain equipment. However, due to different factors the company might not be able or willing to raise the capital amount required to cover the cost. Normally a business will not function properly without the necessary capital equipment, which can range from simple office furniture to heavy plant machinery. The company might also need the equipment only for a limited period and therefore purchasing them would be a waste of resources. Finally, there…