{"id":3587,"date":"2013-10-14T09:59:14","date_gmt":"2013-10-14T16:59:14","guid":{"rendered":"http:\/\/www.nationalfunding.com\/?p=3587"},"modified":"2020-02-17T13:59:20","modified_gmt":"2020-02-17T21:59:20","slug":"three-advantages-financing-purchasing-equipment","status":"publish","type":"post","link":"https:\/\/www.nationalfunding.com\/blog\/three-advantages-financing-purchasing-equipment\/","title":{"rendered":"3 Advantages of Financing Over Purchasing Equipment"},"content":{"rendered":"

Today, many businesses are leasing their equipment and machinery rather than purchasing it on their own. Equipment lease financing<\/a> is a popular solution for general contractors, restaurants<\/a>, medical offices, repairmen, IT services, hair stylists, and much more because of the benefits it provides small business owners. The following advantages leasing equipment has over purchasing<\/a> makes it an important option to consider, especially in industries where having up-to-date technology can make or break business success:<\/p>\n

Lower payments<\/h2>\n

Purchasing technology with cash up front could leave a big hole in your budget. Your office could be left scrounging for weeks to make up for the payment. Office supplies, employee hours, or other expenses might be negatively affected, which can lead to a host of over issues.<\/p>\n

Alternatively, leasing equipment allows companies to set a payment plan that works with their budget. Because many leasing companies offer 100 percent financing with no down payments, working capital<\/a> can be preserved and monthly budgets stay consistent. You can hang onto your monthly profits and use them to reinvest into your business.<\/p>\n

Also, by anticipating exactly how much they’ll be paying each month – even with the addition of new equipment – lessees have the benefit of cash forecasting. Budgets can be accurately assessed without fear of unknown costs in the future. Forget about the rainy day fund; upgrades, repairs, and future technology acquisitions can easily be worked into your budget.<\/p>\n

Less risk<\/h2>\n

Technology depreciates. Whether it’s medical equipment, computers, construction tools<\/a>, printing gear other equipment your business utilizes, technology becomes outdated fast. Some products might be beefed up with\u00a0enhanced features, while others are outright replaced by newer technologies. A cash purchase runs your company the risk of owning dated or obsolete technology. You’ll face the question of selling for a loss\u00a0or bearing with the outdated products, which places many a small business owner between a rock and a hard place.<\/p>\n

With the option of equipment leasing<\/a>, a small business can avoid that question altogether. Short-term leasing means you can upgrade quickly, keeping you current with the latest in the industry.<\/p>\n

Using outdated equipment can affect your sales and contracts. Patients may lose trust in doctors who use outdated machines or devices, rather, instead of turning to those with the latest\u00a0technologies. Leasing gives business owners the option of upgrading fast and acquiring new technologies as soon as they hit the market.<\/p>\n

More options<\/h2>\n

Using limited funds for a cash purchase could send you shopping in the bargain section. It might mean only half-furnishing your restaurant’s kitchen, or partially equipping your construction team. Limited investing could debilitate your company’s progress, causing you to lose out to your competition.<\/p>\n

Equipment financing keeps many doors open. A wide array of new and used products are suddenly within reach. With leasing, investing fully in your business is much more affordable, bringing your product to its full potential.<\/p>\n

If you think your company could benefit from equipment leasing, contact National Funding for information on products and leases. National Funding, a small business lender, provides equipment financing to over 100 different industries.<\/p>\n","protected":false},"excerpt":{"rendered":"

Leasing equipment through financing can be very advantageous compared to purchasing equipment with up front cash payments. <\/p>\n","protected":false},"author":6,"featured_media":6511,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[101,70,102,107],"class_list":["post-3587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-lending","tag-construction","tag-equipment-financing","tag-medical-and-dental","tag-restaurants-hospitality"],"yoast_head":"\nThree Advantages of Financing Over Purchasing Equipment<\/title>\n<meta name=\"description\" content=\"Financing equipment has advantages over purchasing equipment: lower payments, less risk, and more options. National Funding offers equipment lease financing\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.nationalfunding.com\/blog\/three-advantages-financing-purchasing-equipment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Three Advantages of Financing Over Purchasing Equipment\" \/>\n<meta property=\"og:description\" content=\"Financing equipment has advantages over purchasing equipment: lower payments, less risk, and more options. National Funding offers equipment lease financing\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.nationalfunding.com\/blog\/blog\/wp-json\/wp\/v2\/posts\/3587\" \/>\n<meta property=\"og:site_name\" content=\"The Bottom Line by National Funding\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/national.funding\/\" \/>\n<meta property=\"article:published_time\" content=\"2013-10-14T16:59:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-02-17T21:59:20+00:00\" \/>\n<meta name=\"author\" content=\"The Bottom Line\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@NationalFunding\" \/>\n<meta name=\"twitter:site\" content=\"@NationalFunding\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Bottom Line\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.nationalfunding.com\/blog\/three-advantages-financing-purchasing-equipment\/\",\"url\":\"https:\/\/www.nationalfunding.com\/blog\/three-advantages-financing-purchasing-equipment\/\",\"name\":\"Three Advantages of Financing Over Purchasing Equipment\",\"isPartOf\":{\"@id\":\"https:\/\/www.nationalfunding.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.nationalfunding.com\/blog\/three-advantages-financing-purchasing-equipment\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.nationalfunding.com\/blog\/three-advantages-financing-purchasing-equipment\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2013-10-14T16:59:14+00:00\",\"dateModified\":\"2020-02-17T21:59:20+00:00\",\"author\":{\"@id\":\"https:\/\/www.nationalfunding.com\/blog\/#\/schema\/person\/c6f0fd9aaf7647ec3d2fa13f4c2777c6\"},\"description\":\"Financing equipment has advantages over purchasing equipment: lower payments, less risk, and more options. National Funding offers equipment lease financing\",\"breadcrumb\":{\"@id\":\"https:\/\/www.nationalfunding.com\/blog\/three-advantages-financing-purchasing-equipment\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.nationalfunding.com\/blog\/three-advantages-financing-purchasing-equipment\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.nationalfunding.com\/blog\/three-advantages-financing-purchasing-equipment\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.nationalfunding.com\/blog\/three-advantages-financing-purchasing-equipment\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.nationalfunding.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"3 Advantages of Financing Over Purchasing Equipment\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.nationalfunding.com\/blog\/#website\",\"url\":\"https:\/\/www.nationalfunding.com\/blog\/\",\"name\":\"The Bottom Line by National Funding\",\"description\":\"Read National Funding's small business blog for tips and suggestions on how to grow your business by focusing on different aspects of business operations.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.nationalfunding.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.nationalfunding.com\/blog\/#\/schema\/person\/c6f0fd9aaf7647ec3d2fa13f4c2777c6\",\"name\":\"The Bottom Line\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.nationalfunding.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/8827e9139133ac5af1616e8e391facf437d577a433cba436b5aa24a25e7e5175?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/8827e9139133ac5af1616e8e391facf437d577a433cba436b5aa24a25e7e5175?s=96&d=mm&r=g\",\"caption\":\"The Bottom Line\"},\"description\":\"Our team of experienced contributors provide the information and tips business owners need to make smart financial decisions.\",\"url\":\"https:\/\/www.nationalfunding.com\/blog\/author\/the-bottom-line\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Three Advantages of Financing Over Purchasing Equipment","description":"Financing equipment has advantages over purchasing equipment: lower payments, less risk, and more options. National Funding offers equipment lease financing","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.nationalfunding.com\/blog\/three-advantages-financing-purchasing-equipment\/","og_locale":"en_US","og_type":"article","og_title":"Three Advantages of Financing Over Purchasing Equipment","og_description":"Financing equipment has advantages over purchasing equipment: lower payments, less risk, and more options. National Funding offers equipment lease financing","og_url":"https:\/\/www.nationalfunding.com\/blog\/blog\/wp-json\/wp\/v2\/posts\/3587","og_site_name":"The Bottom Line by National Funding","article_publisher":"https:\/\/www.facebook.com\/national.funding\/","article_published_time":"2013-10-14T16:59:14+00:00","article_modified_time":"2020-02-17T21:59:20+00:00","author":"The Bottom Line","twitter_card":"summary_large_image","twitter_creator":"@NationalFunding","twitter_site":"@NationalFunding","twitter_misc":{"Written by":"The Bottom Line","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.nationalfunding.com\/blog\/three-advantages-financing-purchasing-equipment\/","url":"https:\/\/www.nationalfunding.com\/blog\/three-advantages-financing-purchasing-equipment\/","name":"Three Advantages of Financing Over Purchasing Equipment","isPartOf":{"@id":"https:\/\/www.nationalfunding.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.nationalfunding.com\/blog\/three-advantages-financing-purchasing-equipment\/#primaryimage"},"image":{"@id":"https:\/\/www.nationalfunding.com\/blog\/three-advantages-financing-purchasing-equipment\/#primaryimage"},"thumbnailUrl":"","datePublished":"2013-10-14T16:59:14+00:00","dateModified":"2020-02-17T21:59:20+00:00","author":{"@id":"https:\/\/www.nationalfunding.com\/blog\/#\/schema\/person\/c6f0fd9aaf7647ec3d2fa13f4c2777c6"},"description":"Financing equipment has advantages over purchasing equipment: lower payments, less risk, and more options. National Funding offers equipment lease financing","breadcrumb":{"@id":"https:\/\/www.nationalfunding.com\/blog\/three-advantages-financing-purchasing-equipment\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.nationalfunding.com\/blog\/three-advantages-financing-purchasing-equipment\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.nationalfunding.com\/blog\/three-advantages-financing-purchasing-equipment\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/www.nationalfunding.com\/blog\/three-advantages-financing-purchasing-equipment\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.nationalfunding.com\/blog\/"},{"@type":"ListItem","position":2,"name":"3 Advantages of Financing Over Purchasing Equipment"}]},{"@type":"WebSite","@id":"https:\/\/www.nationalfunding.com\/blog\/#website","url":"https:\/\/www.nationalfunding.com\/blog\/","name":"The Bottom Line by National Funding","description":"Read National Funding's small business blog for tips and suggestions on how to grow your business by focusing on different aspects of business operations.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.nationalfunding.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.nationalfunding.com\/blog\/#\/schema\/person\/c6f0fd9aaf7647ec3d2fa13f4c2777c6","name":"The Bottom Line","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.nationalfunding.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/8827e9139133ac5af1616e8e391facf437d577a433cba436b5aa24a25e7e5175?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8827e9139133ac5af1616e8e391facf437d577a433cba436b5aa24a25e7e5175?s=96&d=mm&r=g","caption":"The Bottom Line"},"description":"Our team of experienced contributors provide the information and tips business owners need to make smart financial decisions.","url":"https:\/\/www.nationalfunding.com\/blog\/author\/the-bottom-line\/"}]}},"_links":{"self":[{"href":"https:\/\/www.nationalfunding.com\/blog\/wp-json\/wp\/v2\/posts\/3587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nationalfunding.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nationalfunding.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nationalfunding.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationalfunding.com\/blog\/wp-json\/wp\/v2\/comments?post=3587"}],"version-history":[{"count":1,"href":"https:\/\/www.nationalfunding.com\/blog\/wp-json\/wp\/v2\/posts\/3587\/revisions"}],"predecessor-version":[{"id":196371,"href":"https:\/\/www.nationalfunding.com\/blog\/wp-json\/wp\/v2\/posts\/3587\/revisions\/196371"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nationalfunding.com\/blog\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/www.nationalfunding.com\/blog\/wp-json\/wp\/v2\/media?parent=3587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationalfunding.com\/blog\/wp-json\/wp\/v2\/categories?post=3587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationalfunding.com\/blog\/wp-json\/wp\/v2\/tags?post=3587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}