Forum Discussion
Should I lease or buy a work vehicle?
We at GB Plumbing decided to lease our first work vehicle as we thought we wouldn’t be growing or doing much besides having 1 truck. But once things got busier, and we had to start hiring more, we ha...
We just bought a new RAM Promaster 1500. RAM has some great discounts this month. We sort of paid cash. I paid for it with our Line of Credit, which is charged at Prime rate. Auto loans were about 4 points above prime. I just have to be vigilant to make payments to principal regularly, or I'll end up with a $40K loan and a 5 year old falling apart van.
