If you need to acquire a large asset for your business – such as equipment, facilities or vehicles – you should always consider whether leasing or buying is the right option. In order to make this call, there are several questions you’ll want to consider.
There are advantages and disadvantages to buying and leasing. You will have to answer the questions above to determine which is right for you in light of your financial situation and business needs. Feel free to discuss your situation with a Uwharrie banker. We can review the pros and cons and help you make the right choice.
These articles are for general information purposes only and are not intended to provide legal, tax, accounting or financial advice. Uwharrie Bank cannot guarantee that it is accurate, up to date, or appropriate for your situation and takes no liability for your use of this information. You should consult with a qualified attorney or financial advisor to understand how the law applies to your particular circumstances or for financial information specific to your personal or business situation.