FAQ: How does leasing compare to term loans?
Term loans often have terms and conditions that can add additional costs and complexity. If you’re considering a term loan, you should carefully consider all of the terms and conditions that come with it. Usually additional fees are involved, and you may be asked to make a down payment or to keep compensating balances. These are all additional expenses that a lease will not incur.
When compared to obtaining financing through a bank or other financial organization, remember the added value that Nexxis brings as an industry leader of RVI and NDT equipment, we work in partnership.