Lease or Purchase Equipment

Whether you should lease or purchase your equipment depends on many factors and your specific circumstances.  

Advantages of a lease:

  1. Low down payment and monthly payments.
  2. Small repair bills since the equipment is under warranty.
  3. Convenience, you walk out with equipment with no hassles.

Disadvantages of a lease:

  1. You'll pay more over time.
  2. If you continue to lease, payments will be endless.
  3. If you use the equipment more than expected, you pay extra.
  4. The damages will cost you when you return the equipment.
  5. Contract "surprises" leases often have hidden costs in the lease, especially at the termination of a lease. 

If you would like us to assist you with an analysis of leasing vs. buying equipment, please contact our office.