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Lessee vs. Buyer

September 27, 2015 -  By

When it comes to your mower fleet, 
which option is a good fit for you?

 

9 questions 
to ask yourself when deciding to lease or buy

  1. Which method of purchasing will enable the lowest overall cost per hour to operate the equipment?
  2. What are your business plans for the next two to three years? Is cash needed for other growth areas?
  3. Will you need to borrow to grow your business and want to reduce assets and liabilities to enable that?
  4. Do you need to reduce income with expense deductions?
  5. Which choice will enable growth and a better financial return, 
according to your accountant/tax advisor/financial advisor or CFO?
  6. Can your dealer quote you both an installment note and a lease?
  7. What are your repair costs on equipment that you buy and keep? Could you lease newer equipment and lower your overall costs?
  8. Do you have a mechanic? Does he spend his time on repairs or preventive maintenance?
  9. How many hours will you use the machine per year? What will the equipment value be at the end of the lease?

Source: Dan Gundacker, product marketing 
manager, John Deere Financial

About the Author:

Dillon Stewart graduated from Ohio University’s E.W. Scripps School of Journalism, earning a Bachelor of Science in Online Journalism with specializations in business and political science. Stewart is a former associate editor of LM.

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