Originally Posted by Mick76
Can you explain this? just curious......
for newer machines/trucks its not that different but if your to buy used 100% of the rental/lease payment is a write off which includes intrest and sales tax. a used machine (depending on year) will already have a lot of the original depreciation removed (unless you fibbed the purchase price). nit then again i do short lease terms 2-3 years
lease doesnt affect your credit rating as its a long term rental
also depends on where you get your machine loan if you choose to buy, some lenders will have in their fine print if your industry is failing or in a slow period they have the option to ask you to replay the loan in 30, 60 days. leases dont do that