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MN | First I am NOT an expert at this, but using your numbers roughly, on a 5 year lease-25k down(tax write-off) then 15k payments per year, all tax deductible (just assume the buyout is 15k) vs 5 year loan 25k down-write off 100k(using current/past sec. 179 rules) then 5 payments of 15k each-these you will pay income tax on. This is for someone who will borrow the 75%-not all of us have farmed long enough to pay cash for these kinds of assets, yes in the end there are some minor differences with the buyout and the depreciation of that payment. What am I missing that is so bad about the lease? | |
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Leasing question
