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Every contractor hits this crossroad at some point:👉 Do I lease that new skid steer, dump truck, or excavator… or just buy it outright?

Every contractor hits this crossroad at some point:👉 Do I lease that new skid steer, dump truck, or excavator… or just buy it outright?

Here’s the short version 👇

Buying:🔨 Big upfront deduction with Section 179 or bonus depreciation (you can often write off the full cost right away).💵 You own the asset and build equity.📉 But it hits your cash flow — large upfront payments, plus maintenance and financing costs.

Leasing:🛠️ Lower upfront cost, predictable monthly payments.🧾 Payments are fully deductible as an expense.🚫 No ownership at the end, and sometimes you’ll pay more over time.

The tax bottom line:If you’re having a profitable year, buying often makes sense — you get a bigger write-off now.If you need to preserve cash flow, leasing keeps your monthly costs lean while still getting deductions.

Disclaimer: This content is provided for educational purposes only and is not legal, tax, accounting, or financial advice. Every situation is unique, so consult your own attorney, CPA, or financial advisor before making decisions based on this information.