Which is right for you, leasing or outright purchase? There are a host of factors to consider.

For example, what will happen to the equipment's value as time goes on? Will it appreciate or depreciate? Will the equipment remain functional or be obsolete before the end of its useful life? The need for the equipment notwithstanding, can your available capital and credit line bear the strain of a purchase? Which option will provide the best tax advantage? The list goes on and on.

If it's equipment that will increase in value, never become obsolete and can be had without draining your pool of capital, consider buying it! But most equipment needs are not so easily met, and that's where leasing comes in.