Should I Buy or Lease Equipment?

Sometimes knowing whether to buy or lease equipment can be a tough call. Patron West recognizes the importance of making sound business decisions which impact the financial stability of your company, which is why we designed this short questionnaire to help you weigh your options.

Find out the answer now!

Are you concerned about using all of your assets as collateral for financing?
Do you prefer the security of a fixed term and rate (to make budgeting and cash flow predictable)?
Do you want a flexible payment schedule that can be customized to your specific needs (i.e. skip payments, seasonal payments)?
Do you have large cash reserves in the event that you suddenly have to pay off your loan?
Would you like to keep bank lines open to take advantage of opportunities or quickly cover off challenges?

Buy!

Based on your responses, it sounds like buying might be for you. If you have cash ready and available, financing can be a better option. Keep in mind, financing does not provide the flexibility that leasing can.

Patron West provides a variety of financing options that can be tailored to your specific needs. Contact us to find out how you can use our financing services to your advantage.

Lease!

Based on your responses, it sounds like you should lease. There are many benefits to leasing: assets aren’t tied up as collateral, fixed terms and rates allow for easier budgeting, and cash flow is protected by not having to unexpectedly pay off your entire loan. You also have access to flexible payment plans, as well as freeing up credit for new business opportunities.

Patron West provides a variety of flexible leasing options that can be tailored to your specific needs. Contact us to find out how you can use leasing to your advantage.