Mastering Equipment Finance and Leasing for Tradies
27 August 2026 · 6 min read · By Heaney Accounting
Buying Versus Leasing: Making the Right Call
When your trade business expands, you eventually need better equipment. Deciding whether to buy outright or lease depends on your cash flow and tax needs.
- Current cash reserves
- The expected lifespan of the machinery
- Your annual tax position
- Interest rates on finance products
Steps to Finance Your Next Asset
- Review your current profit margins
- Speak with your accountant about tax implications
- Compare quotes from at least three different lenders
- Ensure the monthly repayment fits your baseline budget
Pro Tip: Always consult your accountant before committing to a long-term lease, as the tax treatment of these payments varies significantly based on your business structure.
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