Buy:
- Longest useful equipment life if no obsolescence.
- Lowest cost in the long run.
- Tax advantages. Ask your CPA!
- Initial cash outlay may be too high for you.
Rent:
- Short term commitment of cash or utility.
- You have flexibility to upgrade, downgrade or cancel.
- You may get rebuilt, new, or used equipment.
- Cost is comparable to leasing.
Lease:
- You can acquire equipment with no down payment.
- Lease payments can be deducted as business expenses.
- You can choose your lease length to fit your cash flow.
- You have a decision to make when your lease expires.
- Higher overall cost than buying.
- You are obligated to pay for the entire lease period. ... more about lease