It’s a question that you should ask every time you are deciding to buy a car or purchase a business asset of any significance… if you have the option to lease or to buy, that is. Often times the answer is not obvious even when you compare the monthly payments and any amount required to paid up front. Also, there are intangible benefits of both options that do not have anything to do with the money that often enter into the decision, but putting the numbers down on paper is necessary to see which option is financially better for you or your business. Please contact me if you need help in ‘crunching the numbers’ on your next lease versus buy decision.
Here’s a link to a useful lease versus buy calculator for an automobile.