Equipment: lease or loan?
The lease has the smaller monthly payment. That's the wrong number to compare. Put in both offers and see the total cost to own the equipment each way, buyout included. Then decide.
Total cost to own
What this counts, and what it doesn't
The loan total is your down payment plus every payment. The lease total is every payment plus the buyout, if you plan to keep the equipment. A loan leaves you owning an asset; a lease you walk away from leaves you with nothing, which is the right choice for gear that's obsolete in three years and the wrong one for something you'll run for a decade.
This is a cash-cost comparison, not a tax one. Section 179 expensing, bonus depreciation on a purchase, and the deductibility of lease payments all change the after-tax answer and all depend on your situation. Run the total here, then take it to your CPA for the tax layer. It is an estimate, not advice.

The question isn't only cost
A loan almost always wins on total dollars, because you own an asset at the end. Leasing wins when you'd rather not own the thing: when it goes obsolete fast, or when protecting cash matters more than the last dollar.


Where each one fits
Match the structure to the asset. Heavy equipment you'll keep leans toward a loan; fast-moving or quickly-dated gear, or a cash-tight stretch, leans toward a lease. Run your own numbers above before deciding.

