Buy or lease farm equipment: What's right for you?

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.

Key Takeaways:
1. Most people choose to buy rather than lease farm equipment
2. People usually choose leases for tax purposes, but often purchasing equipment is the better tax decision
3. Leasing is a great option if you plan to turn over your equipment frequently or need expendable cash flow
4. Dealers should understand the customer needs before recommending leasing or buying
5. Use FCC Equipment Loan and Lease calculators to help you make decisions

FCC Equipment Loan: https://www.fcc-fac.ca/en/resources/calculators.html#t1=1

FCC Lease Calculator: https://www.fcc-fac.ca/en/resources/calculators.html#t1=2

Видео Buy or lease farm equipment: What's right for you? канала Farm Credit Canada