Business Equipment: Buy or Lease

When it comes to purchasing office equipment, new technology, or any kind of equipment you may need out in the field, you have a choice to make: do we buy or do we lease? Both options have their pros and cons; for example, leasing a piece of equipment may offer you a lower payment but if you buy it you have an asset on your balance sheet. 

Speak to a local TowneBank banker about equipment financing options available to you and your business. 

Find a Banker  Equipment Loans 

Equipment Buy vs. Lease Calculator

Should you lease or buy? Use this calculator to find out! We calculate monthly payments and your total net cost. By comparing these amounts, you can determine which is the better value for you.

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Back to Top