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Types of CNC Equipment Financing
There are several financing options available for CNC equipment:
- Leasing: Leasing allows you to use the equipment for a set period while making regular payments. At the end of the lease, you may have the option to purchase the equipment, return it, or upgrade to newer models.
- Equipment Loans: These loans provide the funds to purchase the equipment outright. You own the equipment from day one and make payments over time.
- Vendor Financing: Some CNC equipment manufacturers offer financing programs directly, which can simplify the process and potentially offer better terms.