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Equipment Leasing vs. Buying
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<blockquote data-quote="Will Lane" data-source="post: 108237" data-attributes="member: 235"><p>Re: Equipment Leasing vs. Buying</p><p></p><p>I'm sure other people may have more details than I do, but a lease on production equipment (and commercial vehicles) is usually different from an auto lease. Usually there is no 'residual' value but simply a buyout at the end of the lease term for a very small amount such as 1 dollar.</p><p></p><p>Lease vs loan is much more for tax and accounting purposes than for being able to buy new equipment every 3 years with a low monthly payment.</p><p></p><p>YMMV and some equipment manufacturers may have leasing programs I am not aware of that operate in a different manner.</p></blockquote><p></p>
[QUOTE="Will Lane, post: 108237, member: 235"] Re: Equipment Leasing vs. Buying I'm sure other people may have more details than I do, but a lease on production equipment (and commercial vehicles) is usually different from an auto lease. Usually there is no 'residual' value but simply a buyout at the end of the lease term for a very small amount such as 1 dollar. Lease vs loan is much more for tax and accounting purposes than for being able to buy new equipment every 3 years with a low monthly payment. YMMV and some equipment manufacturers may have leasing programs I am not aware of that operate in a different manner. [/QUOTE]
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