Lease or Buy?

Lease or buy. Whether you’re looking for equipment for your business or a new car…if you’re considering leasing you’ve had this question cross your mind. So, how do you know which decision is the best? Ask yourself - What are my objectives?

• Are you looking to build equity in the equipment?
• Will your equipment have reached its obsolescent point in five years?
• Do you want the security and convenience of owning a physical asset?

If you answered yes to these questions then generally, buying would be the right decision.

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• Are you looking to preserve capital?
• Do you plan on expanding or reducing the size of your business in the near future?
• Does your business require new technology to stay competitive?
• Are you looking for tax deductible payments?

If you answered yes to these questions then generally, leasing would be the right decision.