When is leasing or contracting for services & when is purchasing justified?
Leasing vs. purchasing vs. contracting for services will be determined greatly by the program’s needs, resources and budget. There are important questions to be considered which will assist you in clarifying this question. Q) When determining leasing VS purchasing VS contracting for services, you will need to assess the total cost and resources required for all options. Consumerism has generally maintained that to own is best because leasing or renting is money down the drain. This may be true for some things, but not for all and certainly not in every situation. Next to a person’s home, the next largest purchase is usually the family’s transportation. Unless the car is a classic, there is no equity built into purchasing a vehicle. In fact, when they are new, the equity descends from there. Purchasing vehicles is not an investment into property, DON’T LOOK FOR A PROFIT. However, what you are “investing” within is the PROGRAM OVERAL SERVICES and in some cases, autonomy. The bottom line
