First time posting here, currently going to school through the Fire Protection curriculum. I am working on this project where I have to come up with 3 ways to acquire a new pumper, whether it is used or new. I've searched until I am red in the face, and can't find the distinct information I am looking for. Partly due to the fact I have no idea how any of the three options work! This is what I have so far:
I understand leasing, but I do not understand how it could be more cost effective, referring to annual payments and such. Are leases spread out over a longer period of time?
Lease to own, how does this rate against just outright buying new?
If a pumper is purchased brand new, how does this compare to the other two options?
If someone could talk to me like a highscho.....kindergartener and help me wrap my mind around this, I would be deeply appreciative!
I understand leasing, but I do not understand how it could be more cost effective, referring to annual payments and such. Are leases spread out over a longer period of time?
Lease to own, how does this rate against just outright buying new?
If a pumper is purchased brand new, how does this compare to the other two options?
If someone could talk to me like a highscho.....kindergartener and help me wrap my mind around this, I would be deeply appreciative!
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