Leasing equipment is much easier to finance than purchasing equipment. Banks usually require two to three years of financial records before extending a capital equipment loan to a business and some new companies that need equipment don't have these records. Leasing companies, on the other hand, generally only require six months to a year of credit history before approving your office equipment lease. In addition, equipment leasing companies often don't even require down payments, and instead just collect a refundable security deposit