Posted 12/7/2018 08:02 (#7154918 - in reply to #7154836) Subject: RE: Trade off Paid for tractor to apply toward lease payments?
midwest
To me it looks like a wash between owning and leasing.
If you take the CaseIh 340 and purchase it it will depreciate 20-25,000 in the three years and 900 hours, minimum. Then you still have interest on a 150-160,000 dollar purchase with no warranty. Actually you might come ahead on the lease if you want that new of a tractor.
People forget that there is depreciation and interest in anything you buy, unless you want to go 20-30 years old.
Trade off Paid for tractor to apply toward lease payments?
