The main advantage of leasing a business facility is that you frequently have to make a smaller initial financial commitment than you would if you were to purchase the asset.
The largest advantage of buying, though, might be that you spend less money overall than you would have if you had leased the property. Furthermore, if you purchase, you will benefit from any rises in the asset's value.
long-term consequences of the decision. If you are a new business owner choosing between buying or leasing a facility, you could have a tendency to concentrate on the near future, such as the first year cash flow forecasts that would arise from either of these options.
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