Leasing

• If. Business doesnt have enough money to buy new assets thy can lease them instead
• Leasing means paying a monthly sum of money over a set period of Time in return for the use of the asset
• Pro- no large sum up fee needs to be paid to buy the asset and is also up to date and less likely to become faulty and there is always maintenance and repair costs are included in the lease
• con- disadvantage of leasing is that it can be more costly in the long run than buying an asset outright