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ConceptsCoach
ConceptsCoach, Certified Public Accountant (CPA)
Category: Finance
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Experience:  Chartered Accountant and MBA
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What steps would you follow to decide whether to lease or buy

Resolved Question:

What steps would you follow to decide whether to lease or buy a computer system?
Submitted: 5 years ago.
Category: Finance
Expert:  ConceptsCoach replied 5 years ago.

Some of the points you need to consider in order to decide whether to buy or lease the computer are as follows:

 

  1. Lease provides more flexibility as compared to buying.
  2. Cash flow required under lease is low as compare to if you buy it outright
  3. Lease usually comes with technical support for the computer purchased.
  4. Upgrades can be easily done if you leased the item as against buying. Once you bought it you're stuck with it.
  5. Depreciation can be claimed if you buy however you can claim lease payments as operating expenses when you file your tax return.

HOpe that helps.

 

 

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