Deciding whether to buy or lease farm equipment can be a difficult decision. Lance Stockbrugger explains the differences between buying and leasing in this video.
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- When it comes to farm equipment, most people choose to buy rather than lease
- In most cases people choose leases for tax purposes, but often times purchasing equipment is the better tax decision
- Leasing is a great option if you plan to turn over your equipment frequently or need expendable cash flow
- Dealers should understand the needs of their customers before recommending leasing or buying
- Looking for more information? Check out FCC equipment lease and equipment finance options. Or, call 1-800-510-6669 to chat with us today.