Have you ever wondered how leasing compares to other methods of financing? There are numerous, significant differences between purchasing with cash, using a line of credit, or securing a loan from a bank. These differences can impact your ability to procure lab equipment and finance other areas of business.
Maximizing Your Capital: A Guide to Equipment Leasing vs. Traditional Financing
Excedr Leases vs. Cash vs. Bank Loans vs. Credit Lines
It has always been a good business practice to keep a healthy cushion of cash on hand at all times.
When credit markets are tight it is especially important to keep cash reserves available for unexpected opportunities and to preserve credit line availability for emergencies. Financial consultants and accountants commonly agree that leasing is the most effective use of operating capital.
Excedr’s leasing program allows you to acquire equipment with a fixed, affordable monthly payment, leaving credit lines and cash reserves free for business development opportunities or unexpected expenses.
In other words, leasing can make your life easier by providing you with the equipment you need as well as the financial flexibility needed to grow your business.
If you’re interested in reviewing the differences between acquiring lab equipment with our operating leases, cash, bank loans, and credit lines, you can download our comparisons guide and pull it up anytime you’d like.
