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Farm Machinery
Machinery
Tractor contract hire/leasing
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<blockquote data-quote="Brisel" data-source="post: 662491" data-attributes="member: 166"><p>Hie/lease is more expensive as someone else is providing the capital & paying the interest + admin + repairs if applicable.</p><p> </p><p>Since my employers don't like depreciating assets on the balance sheet I will be contract hiring my next tractor & probably the combine too. Each to their own. The hire option should cover you for major breakdowns & something you can hand back if you change business policy.</p><p> </p><p>Buy vs hire also depends on capital allowances if you are just looking at taxation implications.</p></blockquote><p></p>
[QUOTE="Brisel, post: 662491, member: 166"] Hie/lease is more expensive as someone else is providing the capital & paying the interest + admin + repairs if applicable. Since my employers don't like depreciating assets on the balance sheet I will be contract hiring my next tractor & probably the combine too. Each to their own. The hire option should cover you for major breakdowns & something you can hand back if you change business policy. Buy vs hire also depends on capital allowances if you are just looking at taxation implications. [/QUOTE]
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Farm Machinery
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Tractor contract hire/leasing
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