Leased Assets are assets that a business or an individual obtains the right to use in exchange for periodic payments. This form of financing is beneficial to those who cannot afford to purchase certain assets outright, or when purchasing an asset would strain the business’s finances. With leased assets, businesses can save on upfront costs while simultaneously having access to needed equipment at a reduced price. Leasing also provides greater flexibility when it comes to adjusting the terms and conditions of the agreement and allows businesses to manage cash flow more effectively.