Question

Have you ever been involved in a lease-or-buy decision at work? In your personal life?

Please describe this situation and be sure to include the following information:

• How did you approach making this decision? Did you use a formal process or an informal process?
• What factors went into making the decision to lease or to buy?
• In hindsight, do you think that you made the right decision? Do you think that you made the cost effective decision?
• minimum of 200 words

Answer 1

Yes In my personal life I also involved in a leasing agreement. Actually we can equip properties or things in different ways. One way is that we can purchase it by giving full amount lumpsum. So we get the full ownership and access to that property because when we pay the full amount then it belongs to us. The other method is that we can occupy it by leasing. Here we have made an agreement with the the tenent or lessee. Here we will occupy the property and pay regularly rent to the tenent.

Year back I occupied a tractor by lease agreement for my agricultural activity. Here I paid regularly payment in a daily basis for 15 days at a rental amount of 1000 Indian rupees for all 15 days. Here I got benefited because I dont need to pay the whole amount of the tractor but I can use it till my work end. So this is the nemefit with lease agreement.

ThankYou....