Analyzing- Pros and Cons of Buying and Leasing or Renting

Analyzing- Pros and Cons of Buying and Leasing or Renting

When construction companies are building new projects such as a housing development or a large building, large pieces of equipment are needed to complete these projects. Equipment types can include bulldozers, boom lifts, or cranes.

For this Discussion Board, suppose you own a construction company and need a certain piece of machinery to complete a building project. Assume that the cost is $100,000 to purchase this machine, which has a life span of 10 years. However, renting this machine would cost $2000 per month. Based on this information, discuss the following:

  • What are the pros and cons of buying the machine?
  • What are the pros and cons of renting the machine?
  • For your construction company, does it make more sense for you to purchase the machine or rent it? Why?
  • Discussion Board Rubric
    Expectation Points Possible Points Earned Comments
    Application of Learning Material Content: Post demonstrates understanding of Learning Material content. 20
    Application of Course Knowledge: Post contributes unique perspectives or insights gleaned from text/learning resources, or specified by assignment. 20
    DB Responses: Responds substantively to two posts. Responses encourage interaction in the Discussion Board and classroom community. 20
    Organization: Post presents information logically and is clearly relevant to discussion topic. 8
    Professional Language: Posts contain accurate grammar, spelling, and/or punctuation with few or no errors. Any resources should be cited in APA format or style specified in the assignment. 7
    Total Points

Requirements: 300–500 words

Answer preview:

word limit:433