New equipment is essential for the long-term success of a business, and the decisions around financing that equipment require many considerations. After all, there are two very different lease structures available for equipment financing: finance leases and operating leases.

Each type brings its own set of benefits and conditions depending on various circumstances – like the duration of the lease or value of the property. But each path also comes with its own legal terminology to understand and pitfalls to avoid, making the initial decision to finance an equipment refresh the first of many complex choices.

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SOURCE U.S. Bank