FAQ: Our organization has a ‘purchase only’ policy, can I still lease equipment?

Answer

We frequently hear clients comment that they must purchase equipment instead of lease, as their organization has a ‘purchase-only’ policy.  Our recommendation is always to review that policy.  Our experience has shown us that these ‘policies’ are often more habits amongst management rather than strict corporate policies.  It is always prudent to evaluate several factors before committing to capital expenditure, and long-term leasing has proven benefits for many projects and businesses that far outweigh the benefits of ownership.