Equipment Finance Agreements (EFA’s) are an alternative financing option to traditional lease operating agreements. Equipment Finance Agreements are generally more flexible than lease agreements. At the end of the equipment finance agreement, you have no further obligation to your lender. There are no purchase buy options or large down payments. Unlike a lease with option to buy at the end of the lease agreement, this arrangement gives you full ownership of the capital equipment you need to purchase, without laying out a huge amount of cash to do so. From day one, you assume full ownership, even though you will be making payments on the purchase price in the form of affordable payments per month until the balance is paid. It also entitles you to be able to take advantage of the same tax benefits on your yearly taxes as would anyone who takes out a capital lease. You would be able to claim tax credit on the full purchase price, without having paid it up front.