4 ms·
I don't know what it's like in the US, but in the several european countries I've lived in the real "pro market" is all leasing, not buying. just like their veh
by namdnay 3y ago
I don't know what it's like in the US, but in the several european countries I've lived in the real "pro market" is all leasing, not buying. just like their vehicles, they'll have a fleet of tools with on-site support contracts
- bombcar 3y agoI think that might be a big difference US vs EU - many US builders are technically independent contractors, and so "buy their own" - there are large companies with fleet-managed tools (see things like OneKey) but it's not as common as it may be elsewhere.
- seec 3y agoI might be wrong but I believe this is done for accounting purposes, because of the generally ultra repressive taxation system in place. It makes it easier to extract more value if that makes sense...
- bombcar 3y agoEven in the USA there's often business advantages to leasing (you can deduct the entire year's cost of the lease immediately) vs buying to own (you have to depreciate on the depreciation scale).