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what information do you need to make a lease/own comparison? there are 12 basic items or costs- seven for ownership and five for leasing, you need to identify to perform an accurate comparison:
ownership
- initial cost of equipment:the original purchase price, including taxes, and additional equipment
- interest rate if considering a bank loan, length of loan and down payment
- length of asset life-how long will you utilize the equipment
- corporate tax rate- used to determine your company's net, after tax benefits of depreciation write-off
- maintenance costs over the equipment's life
- administrative costs for licensing and tracking dot compliance, plus the general and administrative costs associated with managing your fleet's maintenance
- net present value calculation of the monthly payments, finance cost, and maintenance cost over the equipment's lifetime

lease
- lease rate
- variable cost(mileage rate)<

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