Equipment lease is a type of financing arrangement in which a lender agrees to provide equipment to a borrower for a specified period of time. The borrower makes periodic payments to the lender for the use of the equipment, typically for business purposes. During the term of the lease, the borrower has exclusive use of the equipment, but does not have ownership rights over it. At the end of the lease, the borrower generally has the option to purchase the equipment at a predetermined price or return it to the lender. Thus, equipment lease is an attractive alternative to purchasing equipment outright, as it allows businesses access to expensive technology without having to commit large amounts of capital upfront. For More Info:-https://www.equifyfinancial.com/