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Leasing provides lower monthly payments and lower upfront costs compared to buying your equipment or assets not knowing if it's going to be stuck or

Leasing provides lower monthly payments and lower upfront costs compared to buying your equipment or assets not knowing if it's going to be stuck or not. You can have zero out-of-pocket and still have something that you want, but you must have a financial status before purchasing an asset. Leasing is like renting that has another owner, so you can change what you are leasing if you want and at your own convenient time. For example, leasing a car means you'll have lower monthly payments and you can typically drive a vehicle that may be more expensive than you could afford to buy. On the other hand, if you decide to buy a car, you'll own it in the end, even if it means you'll pay a higher monthly loan payment in the meantime. Property owners can be best for purchasing an asset because it happens to be a fixed asset and they become the solid owner of it if the financial status is also enough to buy the house. References: Brigham, E. F., and Ehrhardt, M. C. (2020). Financial management: Theory and practice [with MindTap] (16th ed.). Cengage Learning. ISBN-13: 9780357252680

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