Lease VS Buy

Should you Lease or Buy your company vehicle(s)?  This topic usually leads to analysis-paralysis, but here are a few key points to consider regarding both options. 

Leasing Pros- 

1) Easy disposal of vehicle, 

2) Lease covers maintenance, 

3) Lease payments are subject to tax deductions, 

Leasing cons- 

1) Read the fine print, penalties, additional fees, 

2) Cannot customize vehicle, severe penalties, 

3) Limited mileage, 

Buying Pros-

1) Tax advantage, depreciate business expenses, 

2) Can customize, 

3) Can sell vehicle to recoup some investment, 

Buying Cons- 

1) Paying / financing full cost, 

2) Need to sell when phasing out older vehicles, 

3) Expensive maintenance and repairs, 

If you need to purchase vehicles or equipment for your company, I can help!  simple contact: Michael@MerchantBankingResources.com  #commercial #businessloans    #money