Generally, equivalent annual cost analyses show that the longer you need an asset, the more likely it is that it is cheaper to buy rather than lease an asset.

Name: Generally, equivalent annual cost analyses show that the longer you need an asset, the more likely it is that it is cheaper to buy rather than lease an asset.
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Quizplus · Accepted Answer

This is because the longer you need the asset, the more you will end up paying in lease payments, which can add up to a higher cost over time compared to the initial purchase cost.

Generally, Equivalent Annual Cost Analyses Show That the Longer You