Lease: Is It An Alternative to Loans?
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Lease (or Rental, or Contract Hire)

How to construct a spreadsheet to compare lease and loan

A lease can sometimes be an alternative to borrowing money

The best way to decide between your options is to construct a spreadsheet to make some financial projections of the various scenarios that might be relevant to you - eg:

Take account of all costs, such as:

Then compare the short and long term costs of those scenarios.

The construction of the spreadsheet would involve:

To help you construct such a spreadsheet, then we have a simple Excel example that illustrates the above principles. You can use this to get some ideas on how to start constructing your own spreadsheet.

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