Compare the cost of leasing items versus buying it outright

At first, it may seem cheaper to lease items like large-scale machines, cars or trucks. If you intend to continue using these items over a long period of time, you may end up spending more than the actual cost to buy the item outright. The cost per month is lower for leasing, but you never actually own the item or develop any equity in it. Leased items need to be returned at the end of the leasing period, thus leaving you with nothing. Leasing may be a good choice for start-ups with limited capital available, but consider purchasing equipment when the business begins to generate a profit.

Online Resources:

http://money.msn.com/car-buying/lease-or-buy-a-car-comparison-calculator