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10 Reasons Why You Shouldn’t Lease Equipment

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Chris Motola

Chris Motola

Finance Writer at Merchant Maverick
Chris Motola is a writer, programmer, game designer, and product of NY. These days he's mostly writing about financial products, but in a past life he wrote about health care and business. He's a graduate of the University of Central Florida.
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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      This comment refers to an earlier version of this post and may be outdated.

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