Farm Business & Financial Management
Equipment Lease vs. Purchase Worksheet
A worksheet for comparing leasing equipment with buying it, listing costs and tax and cash effects side by side. Helps owners choose before signing for the farm.
WorksheetFarm Business & Financial ManagementFree PDF
What you fill in
- Equipment and expected use
- Purchase price and financing
- Lease payment terms
- Repairs and maintenance
- Insurance and storage
- Resale or buyout value
- Cash flow effect
- Tax effect to confirm with adviser
- Decision and reasons
How to use this worksheet
Work down the lines and fill in what you know. Leave a line blank if you need to look something up, then come back and finish it.
Where to check the details
This sheet is a general template, so confirm specifics with your own manuals, labels and local rules. For current official guidance, start with eXtension and IRS.
For more in this area, see the farm money and loan guides. Between chores, farm.FM has farm humor, including Farm Equipment for Sale Ad Reads “Runs Great”; Seller Admits He Hasn’t Tried It, and agribusiness farm stories.