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Equipment Leasing vs. Buying
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<blockquote data-quote="Marc Hayes" data-source="post: 9122" data-attributes="member: 118"><p>Has anyone gone down the road of deciding whether to buy or lease big ticket items, like main PA and consoles? The more we look at our expansion plans, we wanted to weigh the option. </p><p></p><p>It seems like leasing may be a more intelligent way to go on the big items like main PA and consoles, because it seems like every few years there is a swing in that "gear that every engineer wants!" The pro to leasing is that we could stay on top of the latest and greatest gear by rotating out the leased inventory every 3-5 years or so. (or whatever you write the lease to be) From a financial side, it takes less cash upfront and payments are tax deductible. I know you pay a bit more in the end, but if we bought, we'd be taking a loan anyway, so we'd still be paying "more" in the end with interest back to the bank.</p><p></p><p>Buying would allow us to Section 179 the cost, but with all the other gear we buy in the course of a year, we typically don't have an issue getting enough to write off.</p><p></p><p>If you did end up leasing, what companies did you check out or use? </p><p></p><p>Thanks!</p></blockquote><p></p>
[QUOTE="Marc Hayes, post: 9122, member: 118"] Has anyone gone down the road of deciding whether to buy or lease big ticket items, like main PA and consoles? The more we look at our expansion plans, we wanted to weigh the option. It seems like leasing may be a more intelligent way to go on the big items like main PA and consoles, because it seems like every few years there is a swing in that "gear that every engineer wants!" The pro to leasing is that we could stay on top of the latest and greatest gear by rotating out the leased inventory every 3-5 years or so. (or whatever you write the lease to be) From a financial side, it takes less cash upfront and payments are tax deductible. I know you pay a bit more in the end, but if we bought, we'd be taking a loan anyway, so we'd still be paying "more" in the end with interest back to the bank. Buying would allow us to Section 179 the cost, but with all the other gear we buy in the course of a year, we typically don't have an issue getting enough to write off. If you did end up leasing, what companies did you check out or use? Thanks! [/QUOTE]
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