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Does it make better sense to buy or lease a new piece of equipment? That depends on several factors, such as the residual value of the equipment you intend to purchase, the amount of money you pay up front as a capitalized cost reduction and the cost of financing. A lease will usually be a more attractive option when compared to an equipment purchase when measured over a comparable term. Keep in mind that with a lease, you will have to return the equipment at the end of the lease term, whereas if you buy, you will own the equipment and will be able to continue driving it after the term expires.
Purchase or Lease Equipment Calculator Business Calculator
This is just one of several free online calculators we offer about various business related financial scenarios. From business checking and savings accounts to business loans and services, Greater Nevada has your commercial banking needs covered. Click below to learn more about your options, or contact our Commercial Services team to get a no obligation conversation started.
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This calculator is intended solely for general information and educational purposes. Greater Nevada Credit Union does not guarantee the accuracy of the calculations. The calculator is not intended in any way as financial, insurance, tax or legal information regarding your business’s financial situation.