Leased construction equipment: Top reasons why companies choose to do so

Leasing construction equipment is becoming increasingly popular among companies, as it can eliminate large cash outlays, free up lines of credit, have easier terms and faster approval, and offer significant tax savings compared to purchasing equipment. This allows companies to free up capital and leverage funds for other investments, while also avoiding unexpected repairs and maintaining budget and project deadlines. Additionally, leasing can be treated as an expense, resulting in a larger tax deduction compared to standard equipment depreciation deductions.
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