If you are a business owner considering equipment leasing, keep in mind the legal adage "Possession is nine-tenths of the law". Paying to use equipment for a specified period of time can save you money, particularly when what you need is expensive, requires frequent maintenance and/or is often upgraded. However, if you don't understand certain standard terms included in most contracts, you may get some costly surprises at the end of your lease. Here are five common pitfalls and strategies to avoid them.
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