Two very successful HVAC contractors take opposing positions in this issue. One leases; the other purchases.
The contractor who likes to lease says: “We do three-year leases on new vehicles. We do not do excessive mileage. Our vehicles always look new, we have very few repair bills (as they are under full warranty) and virtually no down time due to vehicle failure. We use our cash to generate profits in our business as it is not tied up in our vehicles. At the end of the lease we are not stuck with a vehicle we don’t want so we don’t have the hassle of selling it.”