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Trade off Paid for tractor to apply toward lease payments?
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jasonl
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. 

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