Checklist_ Leasing vs. Purchasing

How to Use This Sample Format

What is the required down payment amount for entering into the lease or securing a loan agreement?

What is the total duration (in months or years) of the lease or loan agreement?

What is the fixed monthly payment obligation under the lease or loan?

Does the lease or loan include any balloon payments? (If applicable, provide details.)

What is the specific amount of the balloon payment, if any?

If an extended warranty is to be purchased, what is the cost associated with it?

What is the total estimated cost of the lease or loan over its full term, including all related expenses such as maintenance and warranties?

Is there adequate cash flow available to meet the monthly lease or loan payment obligations? (Answer: Yes or No)

Are the maintenance costs covered within the lease or loan agreement terms? (Answer: Yes or No)

What are the estimated maintenance costs that will be incurred in relation to the item?

Are insurance costs included in the lease or loan? (If so, provide details.)

What are the estimated insurance costs that would apply to the item independently?

In the case of a seasonal business, which option—lease or loan—better aligns with periods of strong cash flow?