Leasing

• What is leasing

  An asset such as a piece of machinery is used by the business in return for regular payments
• benefits of leasing

  The business does not own the asset during the period of the lease - not responsible for costs or maintenance

  
  

  This will save the money due to the fact that they do not have to spend money buying the asset.
• Drawback of leasing

  usually more expensive in the long run than buying an asset