What expense do you have when you Purchase your Other Equipment?
* DEPRECIATION EXPENSE
What expense do you have when you Finance your Other Equipment?
* INTEREST EXPENSE
What expenses do you have when you Lease your Other Equipment?
* LEASE EXPENSE and
LEASE MILEAGE EXPENSE
Learn Cost Reduction Tips
DEPRECIATION EXPENSE – This expense is set after you purchase your Motor Vehicle and cannot be changed.
INTEREST EXPENSE – If your vehicle is financed, talk to your lender about refinancing your Motor Vehicle at a lower interest rate. Remember your goal is lowering your expense not extending your payments terms.
LEASING EXPENSE – Contact your leasing company and ask if they can renegotiate a lower monthly lease and lease mileage rate. Remember your goal is to permanently lower your monthly expense not to temporarily lower your monthly expense for a number of months only to have them increase at a future date.