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Lease or buy equipment?

Compare paying cash, taking a loan or chattel mortgage, and leasing a machine or vehicle: what each costs today, each month and in total.

What these numbers mean

The big result names the option with the lowest total paid on your numbers.
Cash out today is what you pay at the start: the full price, your deposit, or nothing.
Paid at the end is a balloon on the loan or a residual on the lease.
Total paid adds up every payment. Tax effects are not included, so ask your accountant.

Good to know

Tax treatment differs between paying cash, a loan and a lease, and is not included here. Ask your accountant how each would work for your business.
Totals are simple sums of payments, with no fees and no allowance for what your cash could earn elsewhere.
The lease assumes nothing is paid upfront. If your quote asks for payments in advance or fees, add them yourself.
With no residual, the lease total does not include owning the equipment at the end.
This is a guide only, not a quote, an offer of finance, a borrowing limit or financial, legal or tax advice.

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