December 2019
Beginner to intermediate
218 pages
5h 4m
English
Content preview from Getting the Best Equipment Lease Deal
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Equipment Leasing Fundamentals for Business Lessees
Overview
The concept of the lease as a property right, and the rights and duties of lessors and lessees, has been part of our legal tradition for decades, particularly in the case of real estate. Leasing began to emerge in the 1950s as a viable alternative for acquiring equipment. At the time of this writing, the latest available annual (2017) business statistics from the Equipment Leasing and Finance Foundation show that businesses acquired 1.7 trillion U.S. dollar of equipment and software, 60 percent of which, or over one trillion U.S. dollars, was financed with leasing (48 percent of this total), the most common method, followed by lines of credit (9 percent of this total), and ...
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