Presentation Transcript

1. Renting, Leasing, Financing and Buying
2. Renting Rental: A short term agreement or contract under which 
property is rented from one person to another on an 
hourly, daily, weekly or monthly basis with rates 
tending to decrease the longer the rental period.
3. Why Rent? Reasons that you may want to rent: Convenience Flexibility "Try before you buy" To avoid locking into a long term lease. Rent to avoid maintenance and repair 
 responsibilities
4. Rent for Convenience If you need a computer, log splitter, a car 
for a short period of time or only once in 
a while, it will be cheaper to rent. Rent for Flexibility Rental companies usually have weekly, 
daily, or hourly rental rates and even 
have discounts to students and seniors.
5. "Try Before You Buy" Allows you to test different brands and models of 
equipment to determine which may best suit your 
needs without a long term commitment. Avoid Locking Into a Long Term Lease A long term commitment can be a real pain if your 
needs change. Renting allows you an easy way out. Rent to avoid maintenance and repair responsibilities
6. Leasing Leasing: Is a long-term agreement or contract under which 
property is rented from one person to another for a 
fixed period of time, usually a year or more.
7. Reasons to Lease: Lease because it is cheaper than renting Due to the security of long term leases, the rates tend 
to be lower than straight month to month rentals. Lease to avoid down payments On most leases, no down payment is required which 
means your effectively get 100% financing. This 
leaves your savings available for other things.
8. Lease to control cash flow Although leases tend to be more expensive than 
financing or outright purchase, they have added 
benefit of always being the same. This is especially 
important when leasing real estate over a 5 to 10 year 
period as you will not have to worry about changing 
rental rates or finance rates. Rent or Lease because it is easier Rental and leasing companies have fewer restrictions. 
If you have a bad credit rating then it may be your 
only choice.
9. Rent or Lease if you don't have the money to buy Rent or Lease to avoid Obsolescence and Depreciation Rent or Lease to get immediate Tax Deduction Benefits
10. Buying vs Financing Owning by either buying or financing is usually always 
preferable to renting or leasing unless you have cash 
flow problems or bad credit. Reasons to Buy or Finance: Buy because it is cheaper in the long run If you have the means to make the purchase than do 
so, this allows you to avoid interest payments and 
cash has bargaining power to negotiate a better price.
11. Finance because it is cheaper than renting or leasing Buy or Finance to have more control over making 
improvements to the property or equipment
12. Lets Compare the cost of Purchasing, Leasing, and 
Renting a Car http://honda.ca/civic_sedan https://www.budget.com/budgetWeb/home/home.ex