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Should I Purchase or Lease Equipment?

Should I Purchase or Lease Equipment?

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.

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This calculator is being provided for educational purposes only. The results are estimates that are based on information you provided and may not reflect Premier Bank product terms. The information cannot be used by Premier Bank to determine a customer's eligibility for a specific product or service. All financial calculators are provided by the third-party Fintactix and are not associated, controlled by or under the control of Premier Bank, its affiliates or subsidiaries. Premier Bank is not responsible for the content, results, or the accuracy of information.