Equipment financing makes it easy to maintain cash flow and improve planning for expenses with a consistent budget. Avoid capital outlays that result in huge budget fluctuations while gaining tax advantages: Full payout leases or equipment loans allow a borrower to depreciate the assets acquired. An operating or fair market value lease allows borrower to take lower payments, but no depreciation. A loan allows one to lock in payments for the expected life of the asset. And a lease provides lower expense for the expected time of use. (ELFA)