Compare the total cost of leasing equipment versus financing a purchase, side by side, over the same term.
The equipment's purchase price before tax or fees.
Cash paid up front toward the purchase (or lease deposit equivalent).
Number of months over which both options are compared.
Sales tax applied to the purchase price.
Estimated resale value of the equipment when the analysis period ends.
The lease's implicit annual interest rate.
Fees paid at lease signing, not including any deposit.
The interest rate on the loan used to finance the purchase.
Length of the financing loan, in months.
Additional purchase fees, rolled into and financed by the loan.