So, since you know what type of equipment you want to get for your trucking company, you will now have to decide whether you are going to buy it or lease it.
Nevertheless, you will have to make a strategy straight from the beginning.
Hence, you should as well have in mind that leasing equipment is always more complicated than buying it.
Although at first sight, it might seem like you will have lower payments at the end rarely turns out that way. The array of leasing options can be dizzying.
Yet, there is no correct answer or recommendation that I can give you because after all, it depends on your specific situation. But, if you are having doubts whether you should lease the truck and equipment or buy it, you can always ask for the second opinion from a CPA who specialized in small businesses.
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