Buy or lease new embroidery machine

EnzMar · November 1st, 2016, 06:30 PM

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.

minimalist · November 2nd, 2016, 12:26 PM

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.

naldopr · November 2nd, 2016, 08:26 PM

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

Robert Young · November 4th, 2016, 12:43 AM

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.

Johnny Chan · November 6th, 2016, 09:03 PM

HI I have many Barudan machines, please contact me teclace.johnny @ gmail.com

naldopr · November 6th, 2016, 09:41 PM

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!