DigitSmith

Buy or lease new embroidery machine

Reply
 
Thread Tools Search this Thread
Old November 1st, 2016, 06:30 PM   #1 (permalink)
EnzMar EnzMar is offline
Member
Join Date:
Aug 2007
Posts:
31
Liked:
0 times
Default Buy or lease new embroidery machine

I'm in the process of buying a new 6 head barudan is it better to buy it out right or lease it.Any input would be greatly appreciated.
Send a private message to EnzMar ContactReply & Quote
Old November 2nd, 2016, 12:26 PM   #2 (permalink)
minimalist minimalist is offline
Senior Member

minimalist's Avatar
Join Date:
Mar 2011
Posts:
252
Liked:
55 times
Default Re: Buy or lease new embroidery machine

What are the lease payments and buyout? If more than the purchase plus interest if you are paying that, then yes the outright purchase is a better deal. You need to take in account the taxes you will pay as well as the write off in the lease versus purchase. I don't like leasing personally because I had to fight with the leasing company at the end of the term when we did the buyout on a band knife splitter.
Send a private message to minimalist ContactReply & Quote
Old November 2nd, 2016, 08:26 PM   #3 (permalink)
naldopr naldopr is offline
Junior Member
Join Date:
Nov 2016
Location:
monroe louisiana
Posts:
25
Liked:
3 times
Default Re: Buy or lease new embroidery machine

Ji new to this site I'm in the same boat looking to buy a 6 head barudan and looking for the best way to buy them
Send a private message to naldopr ContactReply & Quote
Old November 4th, 2016, 12:43 AM   #4 (permalink)
Robert Young Robert Young is offline
Senior Member

Robert Young's Avatar
Join Date:
Oct 2007
Location:
Harlingen, TX
Posts:
1,382
Liked:
172 times
Default Re: Buy or lease new embroidery machine

Your accountant should have pretty good advice for you based on your personal position... if you do not have an accountant then I would work on that first!


If you have been in the industry for a while and feel you know what you are doing...then BUY...

If you are new and don't know what you don't know.. then LEASE

If you are new and THINK you know what you are doing... then LEASE.

sorry, I err to the side of caution... TOO many buy machines thinking they are going to be the next "Lands End" only to end up with machines that haven't been turned on in MONTHS! do not be one of those please.
__________________
Modern Embroidery Designer
www.volant-tech.com
www.volantfineart.com
Send a private message to Robert Young ContactReply & Quote
Old November 6th, 2016, 09:03 PM   #5 (permalink)
Johnny Chan Johnny Chan is offline
Junior Member
Join Date:
Nov 2016
Location:
China
Posts:
1
Liked:
0 times
Default Re: Buy or lease new embroidery machine

HI I have many Barudan machines, please contact me teclace.johnny @ gmail.com
Send a private message to Johnny Chan ContactReply & Quote
Old November 6th, 2016, 09:41 PM   #6 (permalink)
naldopr naldopr is offline
Junior Member
Join Date:
Nov 2016
Location:
monroe louisiana
Posts:
25
Liked:
3 times
Default Re: Buy or lease new embroidery machine

I'm in the same position our business is going good but working on a single head now. We need 4@6 head but we are very new to this type of finance!
Send a private message to naldopr ContactReply & Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Used Barudan Machines PSMattO Used Embroidery Machines 21 July 5th, 2016 10:16 PM
Commercial Embroidery Machine 1 Head 12 Needle BES 1216AC concepts Old Embroidery Ads 1 April 16th, 2011 05:38 PM
Open new embroidery business, which machine to buy? hajjasllc Embroidery and Digitizing 3 November 18th, 2009 02:25 PM

All times are GMT -4. The time now is 12:00 PM.
Copyright © 2011 DigitSmith. All rights reserved.
Forums software by VBulletin, Copyright © 2000-2019, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO ©2011, Crawlability, Inc.