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Growth Strategies: How Should You Finance New Equipment?

 
  William K. Thorpe, Partner, CFO Edge, LLC  
   
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  Article Summary  
With the progressively improving economy and continuing low interest rates, a number of Los Angeles and Southern California executives are expanding their businesses and reviewing the best ways to finance new equipment as part of their growth strategies.

The three primary purchasing options - leasing, paying cash, and borrowing - all have pros and cons.

This article looks at factors to consider and the best-practice method for determining the right option: performing a detailed buy/lease analysis.

Expansion plans that include purchasing new equipment should be done on the terms and at a cost that are right for your business.

Executives considering new equipment purchases can benefit from talking with a provider of outsourced CFO services who has performed many buy/lease analyses and determined the right option to support expansion.

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