Buying and leasing and renting…oh my! Strategic thinking for equipment acquisitions
Abstract: Some construction companies buy and maintain large fleets of equipment. Others choose to lease these assets and, in some cases, purchase select pieces at the end of the arrangement. Still others opt to rent what they need, for only as long as they need it. This article looks at the pluses and minuses of each option. A sidebar notifies readers of impending changes to the current accounting rules for equipment lease payments.