The main things you must remember in any potential lease or purchase option are:
1 cost of the money? (how much interest or "money factor") is needed to do the deeal?
2 The price and its negotiable properties.
3 the residual value of the item(truck) what will it be worth at the end of your finance or lease period?
4 can I get credit somewhere even if it is at 12% or high and can I handle that cost.
5 Re-establishing your credit is key to future buisness propositions, how long will you wait to get it done. Since signing on with a "private" lender or creditor may not effect your credit rating in a positive way. Since reporting to credit agencies is only done through financial institutions.
6. Can you, based on you leagal structure of operating (sole proprietor, LLC, S-corp or corp)is it best for you tax wise.
Just food for thought.
1 cost of the money? (how much interest or "money factor") is needed to do the deeal?
2 The price and its negotiable properties.
3 the residual value of the item(truck) what will it be worth at the end of your finance or lease period?
4 can I get credit somewhere even if it is at 12% or high and can I handle that cost.
5 Re-establishing your credit is key to future buisness propositions, how long will you wait to get it done. Since signing on with a "private" lender or creditor may not effect your credit rating in a positive way. Since reporting to credit agencies is only done through financial institutions.
6. Can you, based on you leagal structure of operating (sole proprietor, LLC, S-corp or corp)is it best for you tax wise.
Just food for thought.
