{"id":86622,"date":"2024-05-01T17:09:16","date_gmt":"2024-05-01T21:09:16","guid":{"rendered":"https:\/\/www.rbcroyalbank.com\/en-ca\/?post_type=rbc_my_money_matter&#038;p=86622"},"modified":"2024-06-07T14:23:03","modified_gmt":"2024-06-07T18:23:03","slug":"lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business","status":"publish","type":"rbc_my_money_matter","link":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-financing-and-funding\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\/","title":{"rendered":"Lease, Loan or Cash? 5 Things to Consider When Acquiring New Equipment for your Business"},"content":{"rendered":"<div class=\"wp-block-rbc-single-article-header\">\n\t<section class=\"section-grey cover pad-t-hlf\">\n\t\t<div class=\"section-inner w-half w-mob-full centered-margin cover section-grey pad-tb-0\">\n\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/credit-and-debt\/\">\n\t\t\t\t\t\t\t<span>Credit and Debt<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<h1 class=\"mar-b-hlf mar-t-0 mob-pad-lr-hlf h2 has-black-color\">Lease, Loan or Cash? 5 Things to Consider When Acquiring New Equipment for your Business<\/h1><p class=\"mar-b-0 mob-pad-lr-hlf author-text\">By Diane Amato<\/p>\t\t\t\t\t<div class=\"featured-image-wrapper pos-rel\">\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"930\" height=\"620\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/image-930x620-58.png?quality=80\" class=\" cover-image  wp-post-image\" alt=\"Woman working on a computer\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/image-930x620-58.png 930w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/image-930x620-58.png?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/image-930x620-58.png?resize=768,512 768w\" sizes=\"auto, (max-width: 930px) 100vw, 930px\" \/>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t<\/section>\n\t<div class=\"article mar-t-dbl\">\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner socials-section\">\n\t\t\t\t<div class=\"top-socials-bar mob-mar-b-hlf\">    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=Lease, Loan or Cash? 5 Things to Consider When Acquiring New Equipment for your Business &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-financing-and-funding\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-financing-and-funding\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n            alt=\"copy icon\">\n          <span id=\"sharing-copyUrl-Label\">\n            Copy URL          <\/span>\n        <\/button>\n        <input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n      <\/div>\n    <\/div>\n  <\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner w-half w-mob-full centered-margin pad-tb-0 mob-mar-t-hlf mob-mar-b\">\n\t\t\t\t<p class=\"cover-pub-line text-xs mar-b-hlf\">Published May 1, 2024 \u2022 7 Min Read<\/p>\t\t\t<\/div>\n\t\t<\/section>\n\t<\/div>\n<\/div>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner w-half w-mob-full\" style=\"border-radius:0x\">\n<p>If you need to acquire some equipment to help run or grow your business, you have the option to lease, finance or buy it outright with cash. But it\u2019s not always clear which route to take. An industry expert shares five considerations to help guide your decision. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">1. What is the nature of the equipment?<\/h2>\n\n\n\n<p>Whether you need industrial machinery for your shop floor or a multi-purpose photocopier for the office, equipment can be significant expense for your business.<\/p>\n\n\n\n<p>The decision to lease the equipment, finance a purchase through a loan or pay cash often comes down to the equipment itself. As you evaluate your acquisition, ask yourself:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list default is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>How long do I expect to use this equipment?<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>How long will it last? &nbsp;<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Will the technology be obsolete in 4-5 years?<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>How quickly do I need it for my business?<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Does the value this equipment provide align with its cost?&nbsp;<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p>\u201cIn many instances, particularly in the office products industry, business owners don\u2019t want to own the asset because the value isn\u2019t there,\u201d says Joe Suriano, Vice President, Vendor Financial Services, Canada at RCAP Leasing. \u201cAnd more importantly, their needs within the business might change. If you buy a photocopier, for example, that photocopier might not fit your business needs in four to five years.\u201d<\/p>\n\n\n\n<p>The case can be made for leasing if you expect to want to trade in or replace the equipment in a few years \u2013 or you simply won\u2019t need it down the road. Also, leases can generally be turned around very quickly, so are good options should you need to act fast.<\/p>\n\n\n\n<p>\u201cOne thing I never recommend is to use your operating line to buy equipment,\u201d adds Suriano, who has seen many owners, who need to acquire equipment quickly, use their operating line of credit to pay for it. \u201cThat operating line is there specifically as a working capital backup to help you grow your business. We can potentially turn a lease around in a matter of hours \u2013 so if speed is important, you have that option.\u201d <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">2. How is your cash flow?<\/h2>\n\n\n\n<p>An important factor in your decision to lease or buy equipment is the amount of capital you have available \u2013 and how you need to use it to fund the operations of your business.<\/p>\n\n\n\n<p>\u201cIf you spend $500,000 buying a CNC machine that manufactures your key product, and you install that on the floor in your machine shop, that piece of equipment is not immediately generating $500,000 worth of value for your business \u2013 but you\u2019ve outlaid half a million dollars\u2019 worth of capital,\u201d explains Suriano by way of example. \u201cThat is capital you could be injecting into your business for growth.\u201d &nbsp;<\/p>\n\n\n\n<p><em>Tip: Before deciding to lease, compare the total leasing cost with the total cost of financing the purchase price by way of a loan. Remember to include the costs of any loan interest, insurance and taxes that you can expect to pay if you own the asset.<\/em><\/p>\n\n\n\n<p>This is where leasing becomes attractive, in that you can pay for a piece of equipment over the period of time in which it is adding value for your business. The decision to lease or buy, Suriano explains, is \u201cnot about taking on too much debt or becoming overloaded in debt \u2013 it\u2019s about being properly capitalized so that your assets are generating revenues and profits for your business over time.\u201d<\/p>\n\n\n\n<p>On the flip side, if your business is extremely cash-rich, it can be hard to justify the costs associated with financing. \u201cIf a business generates surplus cash,\u201d says Suriano, \u201cI would advise a client they should pay cash, so long as they can still achieve all their business growth goals.\u201d <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">3. Consider the economic environment<\/h2>\n\n\n\n<p>While Suriano would recommend cash-rich businesses use cash to pay for equipment they want to own, external factors \u2013 such as the economy and interest rates \u2013 could affect this position.<\/p>\n\n\n\n<p>\u201cIf we think about COVID, we were at historically low interest rates, to the point where it actually didn\u2019t make sense for a cash rich business to pay cash. They could park their cash in a guaranteed investment and make more money than what we were charging them from an interest rate perspective \u2013 so a lot of businesses did that.\u201d<\/p>\n\n\n\n<p><br>In today\u2019s environment, where interest rates are not at historic lows \u2013 and in fact play a leading role in many business decisions \u2013 owners should adapt accordingly. And, the type and rates available depend on the size of your business and the kind of asset you\u2019re looking to acquire, in addition to your financial situation. Understanding the interest rate environment and the economic trends can help owners decide how they want to pay for their acquisition. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">4. Tax implications<\/h2>\n\n\n\n<p>When it comes to choosing between a lease and a loan for your equipment, there are some tax and accounting implications to consider.<\/p>\n\n\n\n<p>For instance, loan repayments are not tax deductible, however the interest paid can be deducted from your taxable income for the period during which you hold the loan. Lease payments, meanwhile, are fully tax deductible. &nbsp;<\/p>\n\n\n\n<p>For accounting purposes, there are additional considerations depending on the type of lease you have. If depreciation and amortization schedules are important factors in your financing decision, it\u2019s best to consult with an accountant to discuss the move that\u2019s right for you. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">5. Your business goals<\/h2>\n\n\n\n<p>Ultimately, Suriano advises that the decision to buy or lease equipment depends on the goals of your business. If you\u2019re looking to grow or expand, for instance, money you may have earmarked for a capital purchase may be better used for other purposes. &nbsp;<\/p>\n\n\n\n<p>\u201cI have very different advice based on what an owner wants to do with their business,\u201d says Suriano, noting that many business owners, when asked what their goals are, don\u2019t have a clear answer. \u201cOver my career, I have coached a lot of different owners to face that question, because it guides a lot of your decisions \u2013 not only financing equipment.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">At a Glance: Lease vs. Loan<\/h2>\n\n\n\n<table class=\"table-stack wp-block-rbc-stackable-table-block regular is-style-table-striped col-stack\"><tbody><tr><td><\/td><td><strong>Pros<\/strong><\/td><td><strong>Cons<\/strong><\/td><\/tr><tr><td><strong>Loan<\/strong><\/td><td>\u2022 The company owns the asset from Day 1 <br>\u2022 There is typically flexibility with respect to the loan contract. I.e., can repay early, negotiate a different interest rate or adjust amortization &nbsp;<br>\u2022 May be easier to sell the asset earlier in the process should it not meet expectations&nbsp;<\/td><td>More money is required up front \u2013 taxes must be paid at the outset<br>\u2022 Owner is responsible for maintenance and repair fees<br>\u2022 A down payment is typically required, tying up cash &nbsp;<br>\u2022 Loan could outlive the life of the asset&nbsp;<\/td><\/tr><tr><td><strong>Lease<\/strong><\/td><td>\u2022 Typically faster to secure &nbsp;<br>\u2022 Lower monthly payment is easier on cash flow management<br>\u2022 Usually no maintenance and repair fees<br>\u2022 Provides the opportunity to put more money towards growth activities<br>\u2022 Taxes are not paid upfront &nbsp;<br>\u2022 Easy to replace or trade in if the equipment has a short life expectancy or regular updates<br>\u2022 No down payment required&nbsp;<\/td><td>\u2022 Lack of flexibility in the contract \u2013 paying it off early or making lump sum payments not typically an option<br>\u2022 Not all suppliers provide a lease option (or allow leasing companies to deal directly with them)<br>\u2022 Once set up, rates are typically fixed<br>\u2022 The equipment Is not the property of the purchaser until they have repaid the lease in full&nbsp;<\/td><\/tr><tr><td><strong>Cash<\/strong><\/td><td>\u2022 No interest costs&nbsp;<\/td><td>\u2022 Must pay entire amount upfront, losing the opportunity to use these funds towards other growth areas&nbsp;<\/td><\/tr><\/tbody><\/table>\n\n\n\n<h2 class=\"wp-block-heading\">Make the best decision for your business<\/h2>\n\n\n\n<p>How you will fund a new piece (or fleet) of equipment may change depending on the stage, financial health, and objectives of your business \u2013 which will undoubtedly evolve over time. Suriano advises owners to keep up a regular dialogue with their advisor so they know what your needs are and can help you be proactive with an acquisition. \u201cWhen your advisor understands the broader scope of your business, they can help you make informed decisions about your purchase.\u201d<\/p>\n\n\n\n<p>It&#8217;s also important to keep your <a href=\"https:\/\/www.rbcroyalbank.com\/business\/advice\/business-plan-builder\/index.html\" data-dig-id=\"LP-86622-2dd05261\" data-dig-label=\"business plan up to date\" data-dig-action=\"link click\" data-dig-category=\"LP\" class=\"rbc-link-format\">business plan up to date<\/a> so you have a firm handle on all areas of your business, and can make decisions that best address your needs of today and tomorrow.<\/p>\n\n\n\n<div class=\"wp-block-group mar-b-hlf has-light-grey-background-color has-background is-layout-constrained wp-block-group-is-layout-constrained\">\n<h3 class=\"wp-block-heading\">Work out the different cost of buying vs leasing new equipment<\/h3>\n\n\n\n<p><a href=\"https:\/\/www.rbcroyalbank.com\/business\/pdf\/Lease%20or%20buy%20assets%20calculator.pdf\" data-dig-id=\"LP-86622-d1c96f2e\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Buy or lease calculator\" class=\"rbc-link-format goto-link\" data-icon-class=\"goto-link\">Buy or lease calculator<\/a><\/p>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse834a1009\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse834a1009\" data-dig-id=\"LP-57738-834a1009\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Things our lawyers want you to know\"><span>Things our lawyers want you to know<\/span><span>Things our lawyers want you to know<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse834a1009\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-cd698c37-1fcf-4036-b780-7a144491eaa2\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"has-text-align-center h5 mar-b\"><strong>Share This Article<\/strong><\/p>\n\n\n\n\t\t<div class=\"socials-block\">\n\t\t\t    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=Lease, Loan or Cash? 5 Things to Consider When Acquiring New Equipment for your Business &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-financing-and-funding\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-financing-and-funding\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n            alt=\"copy icon\">\n          <span id=\"sharing-copyUrl-Label\">\n            Copy URL          <\/span>\n        <\/button>\n        <input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n      <\/div>\n    <\/div>\n  \t\t<\/div>\n\n\t\t\n\n\t\n\t<div class=\"wp-block-tk-spacer id-99a44f34-e87e-4884-a697-e4203430e674\" aria-hidden=\"true\"><\/div>\n\t\n\n\n\t\t\t<div class=\"wp-block-rbc-single-post-topics related-topics-links\">\n\t\t\t\t<p class=\"h5 mar-r-hlf\">Topics:<\/p>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/credit-and-debt\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Credit and Debt<\/a>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/entrepreneur\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Entrepreneur<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel mob-pad-t-dbl\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading mar-b mob-mar-b-dbl mar-t-0\" id=\"h-read-this-next\">Read This Next<\/h2>\n\n\n\t\t\t<div class=\"related-posts-type-2\">\n\t\t\t\t<div class=\"related-post-list\">\n\t\t\t\t\t<ul class=\"grid-wpr eh-wpr\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"720\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/04\/Cash-Flow-Article-Image.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Small business owners looking at financial documents\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/04\/Cash-Flow-Article-Image.jpg 6282w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/04\/Cash-Flow-Article-Image.jpg?resize=300,211 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/04\/Cash-Flow-Article-Image.jpg?resize=768,540 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/04\/Cash-Flow-Article-Image.jpg?resize=1024,720 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/04\/Cash-Flow-Article-Image.jpg?resize=1536,1080 1536w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/04\/Cash-Flow-Article-Image.jpg?resize=2048,1439 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/cash-flow-management-and-financials\/\">\n\t\t\t\t\t\tCash Flow Management and Financials\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/cash-flow-management-and-financials\/how-to-build-financial-resilience-with-smart-cash-flow-management\/\" class=\"card-title h4 mar-t-0\">How to Build Financial Resilience With Smart Cash Flow Management<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/03\/iStock-1343159253_b7ad5a.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Woman and trainer lifting weights in a gym\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/03\/iStock-1343159253_b7ad5a.jpg 2121w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/03\/iStock-1343159253_b7ad5a.jpg?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/03\/iStock-1343159253_b7ad5a.jpg?resize=768,512 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/03\/iStock-1343159253_b7ad5a.jpg?resize=1024,683 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/03\/iStock-1343159253_b7ad5a.jpg?resize=1536,1024 1536w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/03\/iStock-1343159253_b7ad5a.jpg?resize=2048,1365 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/cash-flow-management-and-financials\/\">\n\t\t\t\t\t\tCash Flow Management and Financials\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/cash-flow-management-and-financials\/business-insolvencies-avoid-pitfalls\/\" class=\"card-title h4 mar-t-0\">Business Insolvencies Remain High in Canada: Avoid These 6 Pitfalls to Reduce Your Risk and Improve Your Financial Resilience<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"767\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/04\/iStock-1173116341.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"cargo ship at shipping dock\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/04\/iStock-1173116341.jpg 1440w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/04\/iStock-1173116341.jpg?resize=300,225 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/04\/iStock-1173116341.jpg?resize=768,575 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/04\/iStock-1173116341.jpg?resize=1024,767 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/business-stages\/grow-your-business\/\">\n\t\t\t\t\t\tGrow Your Business\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/business-stages\/grow-your-business\/the-preparation-advantage-5-things-to-consider-before-taking-your-business-global\/\" class=\"card-title h4 mar-t-0\">The Preparation Advantage: 5 Things to Consider Before Taking Your Business Global<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n<\/section>\n<style class=\"advgb-styles-renderer\">\n\t\t.wp-block-tk-spacer.id-cd698c37-1fcf-4036-b780-7a144491eaa2 {\n\t\theight: 96px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-cd698c37-1fcf-4036-b780-7a144491eaa2 {\n\t\t\theight: 30px;\n\t\t}\n\t}\t\n\t\t.wp-block-tk-spacer.id-99a44f34-e87e-4884-a697-e4203430e674 {\n\t\theight: 60px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-99a44f34-e87e-4884-a697-e4203430e674 {\n\t\t\theight: 30px;\n\t\t}\n\t}\t<\/style>","protected":false},"excerpt":{"rendered":"<p>An industry expert shares five considerations to help guide your decision to lease or buy commercial equipment.<\/p>\n","protected":false},"author":80,"featured_media":86623,"parent":57332,"menu_order":0,"template":"","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"tags":[510,157],"rbc_content_type":[31],"rbc_audience":[110],"rbc_lob_group":[35],"rbc_difficulty_level":[70],"rbc_mmm_category":[305,385,386,324],"class_list":["post-86622","rbc_my_money_matter","type-rbc_my_money_matter","status-publish","has-post-thumbnail","hentry","tag-credit-and-debt","tag-entrepreneur","rbc_content_type-article","rbc_audience-business-owners","rbc_lob_group-business","rbc_difficulty_level-intermediate","rbc_mmm_category-business","rbc_mmm_category-business-financing-and-funding","rbc_mmm_category-cash-flow-management-and-financials","rbc_mmm_category-managing-your-business"],"acf":{"contently_publication_id":"","custom_author":"Diane Amato","rbc_video_header":"","rbc_media_duration":"","rbc_video_keywords":"","rbc_video_description":"","rbc_video_upload_date":"","rbc_toc_for_mmm_tag":"h2","rbc_toc_for_mmm_limit":6,"rbc_toc_for_mmm":null,"rbc_toc_for_mmm_action":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<meta name=\"description\" content=\"An industry expert shares five considerations to help guide your decision to lease or buy commercial equipment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-financing-and-funding\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:description\" content=\"An industry expert shares five considerations to help guide your decision to lease or buy commercial equipment.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-financing-and-funding\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\/\" \/>\n<meta property=\"og:site_name\" content=\"RBC Royal Bank\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-07T18:23:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/image-930x620-58.png?quality=80\" \/>\n\t<meta property=\"og:image:width\" content=\"930\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/managing-your-business\\\/business-financing-and-funding\\\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/managing-your-business\\\/business-financing-and-funding\\\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\\\/\"},\"author\":{\"name\":\"jacquelinewu\",\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/#\\\/schema\\\/person\\\/d055d46e444faf6863d781f24c107a5e\"},\"headline\":\"Lease, Loan or Cash? 5 Things to Consider When Acquiring New Equipment for your Business\",\"datePublished\":\"2024-05-01T21:09:16+00:00\",\"dateModified\":\"2024-06-07T18:23:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/managing-your-business\\\/business-financing-and-funding\\\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\\\/\"},\"wordCount\":1398,\"image\":{\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/managing-your-business\\\/business-financing-and-funding\\\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2024\\\/05\\\/image-930x620-58.png?quality=80\",\"keywords\":[\"Credit and Debt\",\"Entrepreneur\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/managing-your-business\\\/business-financing-and-funding\\\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\\\/\",\"url\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/managing-your-business\\\/business-financing-and-funding\\\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\\\/\",\"name\":\"Lease, Loan or Cash? 5 Things to Consider When Acquiring New Equipment for your Business - My Money Matters\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/managing-your-business\\\/business-financing-and-funding\\\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/managing-your-business\\\/business-financing-and-funding\\\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2024\\\/05\\\/image-930x620-58.png?quality=80\",\"datePublished\":\"2024-05-01T21:09:16+00:00\",\"dateModified\":\"2024-06-07T18:23:03+00:00\",\"description\":\"An industry expert shares five considerations to help guide your decision to lease or buy commercial equipment.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/managing-your-business\\\/business-financing-and-funding\\\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/managing-your-business\\\/business-financing-and-funding\\\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/managing-your-business\\\/business-financing-and-funding\\\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2024\\\/05\\\/image-930x620-58.png?quality=80\",\"contentUrl\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2024\\\/05\\\/image-930x620-58.png?quality=80\",\"width\":930,\"height\":620,\"caption\":\"Woman working on a computer\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/managing-your-business\\\/business-financing-and-funding\\\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"My Money Matters\",\"item\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Managing Your Business\",\"item\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/managing-your-business\\\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Business Financing &amp; Funding\",\"item\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/managing-your-business\\\/business-financing-and-funding\\\/\"},{\"@type\":\"ListItem\",\"position\":5,\"name\":\"Lease, Loan or Cash? 5 Things to Consider When Acquiring New Equipment for your Business\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/#website\",\"url\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/\",\"name\":\"RBC Royal Bank\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/#\\\/schema\\\/person\\\/d055d46e444faf6863d781f24c107a5e\",\"name\":\"jacquelinewu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g\",\"caption\":\"jacquelinewu\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"description":"An industry expert shares five considerations to help guide your decision to lease or buy commercial equipment.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-financing-and-funding\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\/","og_locale":"en_US","og_type":"article","og_description":"An industry expert shares five considerations to help guide your decision to lease or buy commercial equipment.","og_url":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-financing-and-funding\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\/","og_site_name":"RBC Royal Bank","article_modified_time":"2024-06-07T18:23:03+00:00","og_image":[{"width":930,"height":620,"url":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/image-930x620-58.png?quality=80","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-financing-and-funding\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\/#article","isPartOf":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-financing-and-funding\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\/"},"author":{"name":"jacquelinewu","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/d055d46e444faf6863d781f24c107a5e"},"headline":"Lease, Loan or Cash? 5 Things to Consider When Acquiring New Equipment for your Business","datePublished":"2024-05-01T21:09:16+00:00","dateModified":"2024-06-07T18:23:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-financing-and-funding\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\/"},"wordCount":1398,"image":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-financing-and-funding\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/image-930x620-58.png?quality=80","keywords":["Credit and Debt","Entrepreneur"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-financing-and-funding\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\/","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-financing-and-funding\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\/","name":"Lease, Loan or Cash? 5 Things to Consider When Acquiring New Equipment for your Business - My Money Matters","isPartOf":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-financing-and-funding\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\/#primaryimage"},"image":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-financing-and-funding\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/image-930x620-58.png?quality=80","datePublished":"2024-05-01T21:09:16+00:00","dateModified":"2024-06-07T18:23:03+00:00","description":"An industry expert shares five considerations to help guide your decision to lease or buy commercial equipment.","breadcrumb":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-financing-and-funding\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-financing-and-funding\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-financing-and-funding\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\/#primaryimage","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/image-930x620-58.png?quality=80","contentUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/image-930x620-58.png?quality=80","width":930,"height":620,"caption":"Woman working on a computer"},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-financing-and-funding\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"My Money Matters","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/"},{"@type":"ListItem","position":3,"name":"Managing Your Business","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/"},{"@type":"ListItem","position":4,"name":"Business Financing &amp; Funding","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-financing-and-funding\/"},{"@type":"ListItem","position":5,"name":"Lease, Loan or Cash? 5 Things to Consider When Acquiring New Equipment for your Business"}]},{"@type":"WebSite","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#website","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/","name":"RBC Royal Bank","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbcroyalbank.com\/en-ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/d055d46e444faf6863d781f24c107a5e","name":"jacquelinewu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g","caption":"jacquelinewu"}}]}},"parsely":{"version":"1.1.0","canonical_url":"https:\/\/rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-financing-and-funding\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Lease, Loan or Cash? 5 Things to Consider When Acquiring New Equipment for your Business","url":"http:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-financing-and-funding\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-financing-and-funding\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\/"},"thumbnailUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/image-930x620-58.png?quality=80&w=150&h=150&crop=1","image":{"@type":"ImageObject","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/image-930x620-58.png?quality=80"},"articleSection":"Uncategorized","author":[{"@type":"Person","name":"jacquelinewu"}],"creator":["jacquelinewu"],"publisher":{"@type":"Organization","name":"RBC Royal Bank","logo":""},"keywords":["credit and debt","entrepreneur"],"dateCreated":"2024-05-01T21:09:16Z","datePublished":"2024-05-01T21:09:16Z","dateModified":"2024-06-07T18:23:03Z"},"rendered":"<script type=\"application\/ld+json\" class=\"wp-parsely-metadata\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Lease, Loan or Cash? 5 Things to Consider When Acquiring New Equipment for your Business\",\"url\":\"http:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/managing-your-business\\\/business-financing-and-funding\\\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/managing-your-business\\\/business-financing-and-funding\\\/lease-loan-or-cash-5-things-to-consider-when-acquiring-new-equipment-for-your-business\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2024\\\/05\\\/image-930x620-58.png?quality=80&w=150&h=150&crop=1\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2024\\\/05\\\/image-930x620-58.png?quality=80\"},\"articleSection\":\"Uncategorized\",\"author\":[{\"@type\":\"Person\",\"name\":\"jacquelinewu\"}],\"creator\":[\"jacquelinewu\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"RBC Royal Bank\",\"logo\":\"\"},\"keywords\":[\"credit and debt\",\"entrepreneur\"],\"dateCreated\":\"2024-05-01T21:09:16Z\",\"datePublished\":\"2024-05-01T21:09:16Z\",\"dateModified\":\"2024-06-07T18:23:03Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/rbcroyalbank.com\/p.js"},"featured_img":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/image-930x620-58.png?quality=80&w=930","coauthors":[],"author_meta":{"author_link":"https:\/\/www.rbcroyalbank.com\/en-ca\/author\/jacquelinewu\/","display_name":"jacquelinewu"},"relative_dates":{"created":"Posted 2 years ago","modified":"Updated 2 years ago"},"absolute_dates":{"created":"Posted on May 1, 2024","modified":"Updated on June 7, 2024"},"absolute_dates_time":{"created":"Posted on May 1, 2024 5:09 pm","modified":"Updated on June 7, 2024 2:23 pm"},"featured_img_caption":"","tax_additional":{"post_tag":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/credit-and-debt\/\" class=\"advgb-post-tax-term\">Credit and Debt<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/entrepreneur\/\" class=\"advgb-post-tax-term\">Entrepreneur<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Credit and Debt<\/span>","<span class=\"advgb-post-tax-term\">Entrepreneur<\/span>"],"slug":"post_tag","name":"Tags"},"rbc_content_type":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/content-type\/article\/\" class=\"advgb-post-tax-term\">Article<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Article<\/span>"],"slug":"rbc_content_type","name":"Content Types"},"rbc_audience":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/audience\/business-owners\/\" class=\"advgb-post-tax-term\">Business Owners<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Business Owners<\/span>"],"slug":"rbc_audience","name":"Audiences"},"rbc_lob_group":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/lob-group\/business\/\" class=\"advgb-post-tax-term\">Business<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Business<\/span>"],"slug":"rbc_lob_group","name":"LOB Groups"},"rbc_difficulty_level":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/difficulty-level\/intermediate\/\" class=\"advgb-post-tax-term\">Intermediate<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Intermediate<\/span>"],"slug":"rbc_difficulty_level","name":"Difficulty Levels"},"rbc_mmm_category":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/business\/\" class=\"advgb-post-tax-term\">Business<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/business-financing-and-funding\/\" class=\"advgb-post-tax-term\">Business Financing and Funding<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/cash-flow-management-and-financials\/\" class=\"advgb-post-tax-term\">Cash Flow Management and Financials<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/managing-your-business\/\" class=\"advgb-post-tax-term\">Managing Your Business<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Business<\/span>","<span class=\"advgb-post-tax-term\">Business Financing and Funding<\/span>","<span class=\"advgb-post-tax-term\">Cash Flow Management and Financials<\/span>","<span class=\"advgb-post-tax-term\">Managing Your Business<\/span>"],"slug":"rbc_mmm_category","name":"Categories"},"ep_custom_result":{"linked":[],"unlinked":[],"slug":"ep_custom_result","name":"Custom Results"}},"series_order":"","jetpack_sharing_enabled":true,"primary_tag":"510","primary_rbc_mmm_category":"324","_links":{"self":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/86622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter"}],"about":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/types\/rbc_my_money_matter"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/users\/80"}],"version-history":[{"count":19,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/86622\/revisions"}],"predecessor-version":[{"id":87507,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/86622\/revisions\/87507"}],"up":[{"embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/57332"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/media\/86623"}],"wp:attachment":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/media?parent=86622"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/tags?post=86622"},{"taxonomy":"rbc_content_type","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_content_type?post=86622"},{"taxonomy":"rbc_audience","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_audience?post=86622"},{"taxonomy":"rbc_lob_group","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_lob_group?post=86622"},{"taxonomy":"rbc_difficulty_level","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_difficulty_level?post=86622"},{"taxonomy":"rbc_mmm_category","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_mmm_category?post=86622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}