Lease or Purchase Equipment
Whether you should lease or purchase your equipment depends on many factors and your specific circumstances.
Advantages of a lease:
- Low down payment and monthly payments.
- Small repair bills since the equipment is under warranty.
- Convenience, you walk out with equipment with no hassles.
Disadvantages of a lease:
- You'll pay more over time.
- If you continue to lease, payments will be endless.
- If you use the equipment more than expected, you pay extra.
- The damages will cost you when you return the equipment.
- 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.
