why companies go for leasing rather than purchasing agreement? what steps are involved in a lease agreement?
Answers
Answer:
Paying monthly means you can get higher-end equipment that you usually wouldn't have the money for otherwise. This means you have more purchasing power – the type of items you will be getting from leasing is often better, more functional and more powerful than the items you could get from owning or already own.
The lessee can continue the lease through a revised secondary term and keep using the equipment.
The lessee could buy the asset at a discounted price, receiving full ownership.
The lessee can act as a sales agent for the lessor and take the risk to sell on the asset.
The lessee can cut all ties with the equipment, leaving it to the lessor to dispose of in an economic and environmentally friendly manner.
Leases give you the luxury of time to decide whether to take the risk of claiming full ownership, while still getting all the benefits of its use, potentially saving you a great amount of hassle with trying to free up some space and dealing with the assets.
Explanation:
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