 Re: Finance or Cash?!
We paid cash for ours but there is another option if you have it available. With our credit cards, we get monthly checks with fixed interest rates of anywhere from 2% to 9% for the life of the loan. This is a far less expensive way to borrow money on an equipment purchase. On top of that, if you fall on hard times and don't pay the bill, you still will have the machine. With a lease, you will have to give it up.
We looked at the leasing and it didn't make sense for us. I thought it was too expensive. |