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Generally, buying is the right decision if:
I want the security of owning a physical asset. When you buy, your payments result in direct ownership.
I plan on keeping my equipment at least five years.
If you expect your equipment needs to remain stable, an installment loan may be your best option.
I want the convenience of owning.
When payments are finished you retain your equipment and have time to better plan for future equipment needs.
I can plan for regular service. Keeping equipment maintenance up-to-date keeps it in top condition. And no other equipment delivers the resale value of John Deere equipment. |
Generally, leasing is the right decision if:
I need to preserve capital.
A lease may provide lower monthly payments. So you're better able to manage cash flow, and invest in other areas of your business.
I plan on expanding or reducing my operation.
Leasing gives you more flexibility to match equipment needs to the changing needs of your operation.
I'm nearing retirement age.
It's often a better decision to avoid locking yourself in to large capital investments if you plan on retiring soon.
I want the reliability of the latest equipment.
Newer model equipment generally requires less maintenance and can reduce downtime. |
