Should I own or lease?

The decision to buy or lease

Ask these questions

How often will you use the item?

What else could you do with the money?

Consider your working capital

The effect on your net profit

Option One

Option Two

Comparative costs

Option One (leasing)

Option Two (buying)

Summary

But what about year two?

Some further considerations

A bank loan versus leasing

A better alternative to dealer hire purchase

Budgeting for equipment

Talk to your accountant

For more information

Important information