Leasing payments are usually lower than purchase prices. Working capital in your business is not attached and is free to use as you like. Leasing does not require additional liens on your business, equipment, or future purchases. Flexibility of payments. Leases can be structured in a manner that benefits your business.
Bank loans are fixed payments.
Banks require large down payments and may put a lien on your business or your home. Leasing will only put a lien on the equipment that is being leased. This is popular with equipment that will be obsolete at the end of the term, allowing you to upgrade and get a new piece of equipment. You may also opt to refinance the purchase option for an additional time period. Fees vary depending on the leasing company you use.