Full TGIF Record # 123489
Item 1 of 1
Publication Type:
Author(s):Powell, Tracy
Author Affiliation:Freelance Business Writer and Editor, Charlestown, Indiana
Title:To buy or not to buy: Is leasing a viable option for your business?
Source:Landscape Construction. Vol. 5, No. 3, March 2007, p. 8-9, 11.
# of Pages:3
Publishing Information:St. Johnsbury, Vermont: Moose River Publishing
Keywords:TIC Keywords: Leasing; Equipment; Budgets; Equipment costs; Business management
Abstract/Contents:Discusses purchasing, leasing, or renting maintenance equipment. States that "in terms of the buying option, there's [a]...cost advantage of outright ownership over the long haul...once the equipment is owned outright, selling it later may provide a direct cash flow, albeit small change on the dollar depending on condition and degree of obsolescence." Describes leasing, stating that it "provides an option that allows for affordable payments, as well as other benefits." States that leasing "gives the lessee the option to turn in old equipment after the lease period and either buy or lease new equipment because there have been changes in the technology or innovation in other equipment." Suggests that "with its low risk, the practice of leasing has become a very acceptable and effective form of financing." States that "as business grows and needs change, a lease can allow for adding or upgrading at any point during the lease term through add-on or master leases." Discusses leasing and tax deductions. Suggests that "leasing equipment without a purchase agreement is disadvantageous, because net worth is not allowed to build over time." Concludes that "whatever decision an owner makes in regard to leasing, renting or purchasing equipment depends solely on that operator's goals...Each method has its own benefits, which is great for those making the decision."
Note:Pictures, color
ASA/CSSA/SSSA Citation (Crop Science-Like - may be incomplete):
Powell, T. 2007. To buy or not to buy: Is leasing a viable option for your business?. Landscape Construction. 5(3):p. 8-9, 11.
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