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Tricks Of The Trade: Lease Or Buy?

Written by Retired Columnist. Posted in Ask The Expert, Columnists, Magazine, Retired Columnists, Topics, Tricks of the Trade

Published on February 06, 2004 with No Comments

By James C. Elledge, IFMA Fellow, CFM, FMA, RPA, RIAQM
Published in the February 2004 issue of Today’s Facility Manager

Q Does property holding (for all assets, not just buildings) tie up capital? Is renting or leasing a better solution?

Gary Lynas
LC Associates Ltd.
Preston, England

A Purchasing capital items does tie up money. Companies with excess cash will usually purchase items in lieu of leasing. If the company is short on cash or is already in debt, then leasing provides an “off-balance sheet” form of financing.

Elledge,facility/office services manager for Dallas, TX-based Summit AllianceCompanies, is the recipient of the Distinguished Author Award from theInternational Facility Management Association (IFMA), is an IFMA Fellow, and isa member of TFM’sEditorial Advisory Board. All questions have been submitted via the “Ask TheExpert” portion of the magazine’s Web site. To pose a question, visit this link.

About Retired Columnist

This expert formerly served as regular contributor to Today’s Facility Manager magazine. His vast knowledge of the facility management profession continues to provide a rich resource for facility managers by way of this online archive.

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