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If you work in the farming and agricultural industries, you know the important of having solid, reliable equipment that you can count on. One way to make sure you stay on top of your industry standards and maintain access to the latest and greatest equipment your industry has to offer is to consider agricultural equipment leasing instead of purchasing the equipment outright.
There are financial advantages to leasing instead of buying as well, depending upon your tax liability and the size of your agricultural enterprise. The initial benefit to leasing rather than buying comes from the amount of cash flow needed at the time you pick up your new equipment. If you're purchasing the equipment, you'll need to pay the dealer up front, either from your savings or by obtaining a loan. When you lease the equipment, you'll pay a significantly lesser amount. It is also possible to lease agricultural equipment with an option to buy at the end of the lease for a predetermined amount that could be based upon fair market value of the equipment.
Agricultural equipment leasing could be a viable alternative to buying your own equipment provided you take into consideration the tax liability and other benefits. To learn more about opportunities to lease agriculture equipment, you may want to utilize the link on the left side of this page, which have been compiled by Business.com for your convenience.
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