Businesses often lease rather than own their vital equipment, whether it’s a construction company, restaurant, or medical facility. Leasing allows companies to lower their initial capital investments, as well as maintenance costs, while enabling them to stay up to date with their business equipment. Leasing should be an option on the minds of sourcing and procurement practitioners when they are tasked with a capital equipment acquisition project.
The “You Are What You Lease” infographic by Direct Capital, a national business lender, describes the different types of business equipment that is often leased. It offers some interesting statistics, including the medical industry’s annual spend on equipment rentals. Click to enlarge.
FURTHER READING: The Capital Equipment Purchase — Lease, Buy New, or Buy Used?
Direct Capital is an online lending platform providing small and midsize businesses with access to capital loans and equipment financing. It has lent $2.25 billion to over 80,000 businesses across a multitude of industries. The company has provided leasing and financing tools for computer equipment, printing equipment, metalworking equipment and machine tools, and other types of capital supplies.