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10 Reasons Why You Shouldn’t Lease Equipment

    Chris Motola
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Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.
Chris Motola

Chris Motola

Expert Analyst & Reviewer at Merchant Maverick
An expert in personal and business loans and financial health, Chris Motola has been writing about small business finance and payments for over 5 years. He has been cited in various industry publications, including Forbes Advisor, GoBankingRates, and Medium. Chris is a graduate of the University of Central Florida.
Chris Motola
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    Randy

    11. Sales tax. If you buy equipment out-of-state, the seller will not charge you sales tax. If you lease, you may be required to pay sales tax on the amount of each payment, meaning that you are not only paying sales tax on the equipment, but you’re also paying sales tax on the interest and service charges. This can easily add 10% to the cost of the equipment, on top of the interest.

      This comment refers to an earlier version of this post and may be outdated.

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