Buying
You own the asset, build equity and carry depreciation and resale risk. Cash or financing is tied up.
Leasing
Lower up-front cost and predictable payments, with mileage limits and end-of-lease terms. You can also lease vehicles out to customers. See lease management.
Compare the real cost
Include depreciation, financing, running costs, mileage penalties and buyout value. The lease vs buy calculator gives a quick view.
Keep the books right
Whichever you choose, depreciation or lease payments should post to accounting. See rental accounting.
Frequently asked questions
Can I buy out a leased vehicle?
Many leases allow it. FleetSense records a buyout as a new owned asset.