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General Skidsteer & Technical Topics
Construction & Landscaping
to buy or lease
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<blockquote data-quote="SS Kanga Hire" data-source="post: 80051" data-attributes="member: 11046"><p>See, that's an attitude that puzzles me greatly. - If you buy a machine, the entire cost of the machine is a deductible and indeed depreciable item. Sure, you may need to spread it out over a few years (depending on your income/tax planning) but for the life of me, I can't see any benefit to leasing something for more than the cost of simply buying it outright. Maybe it depends on the service life of the machine e.g. if you knew you were going to kill it within a three year lease, perhaps there would be a point in leasing but even then I reckon you'd still be ahead by owning.</p></blockquote><p></p>
[QUOTE="SS Kanga Hire, post: 80051, member: 11046"] See, that's an attitude that puzzles me greatly. - If you buy a machine, the entire cost of the machine is a deductible and indeed depreciable item. Sure, you may need to spread it out over a few years (depending on your income/tax planning) but for the life of me, I can't see any benefit to leasing something for more than the cost of simply buying it outright. Maybe it depends on the service life of the machine e.g. if you knew you were going to kill it within a three year lease, perhaps there would be a point in leasing but even then I reckon you'd still be ahead by owning. [/QUOTE]
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