2 min read

Should Your Business Buy or Lease Equipment? (Video)

Should Your Business Buy or Lease Equipment? (Video)

Should a Business Buy or Lease Equipment?

(Video Transcript)

Most businesses rely heavily on equipment, which can include everything from a fleet of trucks to a company’s entire technology suite. And whether a business is making an initial investment, or needs to upgrade or replace equipment, there are two basic options: buying or leasing.

Both have benefits, so here are some things to consider:

  • A lease allows you to take equipment for a “test-run,” to get to know whether it’s the right fit for your business before making a long-term commitment.
  • A lease allows you to upgrade more regularly. It can also reduce maintenance costs, and it conserves cash.

But buying has benefits too:

  • After the loan is paid, you maintain equity in the equipment
  • There are no restrictions on when you can update or upgrade, or on how much it’s used.
  • And there’s no ongoing payment once the loan is paid in full

So which do you choose? Let our experts guide you through the benefits and drawbacks of each option to determine what’s best for your business.

Learn more about equipment investments at Education.BankersTrust.com

Next steps:

  1. Contact me to learn more.
  2. Subscribe to our e-newsletter.
  3. Learn more about Bankers Trust’s Business Banking team.
Eric Drexler

Eric Drexler

Vice President, Managing Director of Equipment Finance (515) 248-1308 Email Eric

Eric Drexler is managing director of Equipment Finance at Bankers Trust. With more than 16 years in the industry, Eric works with companies to provide financing solutions for businesses’ large scale equipment, vehicle and technology purchases. Prior to joining Bankers Trust, Eric held positions at GE Capital, Wells Fargo and Fifth Third as a Midwest territory manager in the equipment finance departments. He attended Iowa State and Upper Iowa University, where he received his Bachelor’s degree. Eric is a member of the Equipment Leasing and Finance Association (ELFA). Outside the office, Eric volunteers with the Iowa Leukemia and Lymphoma Society, serving on the executive board for Light the Night and the LLS Golf Tournament. He also coaches Catholic League football and youth softball, and volunteers with a variety of local animal shelters. In his free time, Eric enjoys traveling, coaching his kids’ sports and biking.

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