That is a big ON going question. Perhaps you are needing a piece of equipment for a one time task/job. Let’s say you have no plans to need this equipment in the next five years then renting the unit for short time could be wiser than buying it. However, according to consumer advocate expert: ClarkHoward.com on housing for people if you plan to be at your current location for more than five years, it may be better to purchase a home or condo rather than rent. Let’s say you pay $1,000 rent/month for housing. That’s 12,000/year and in ten years (providing they don’t raise the rent which they often do!) That would be $120,000 home. You would be well on your way to paying for your home then you at moving time can sell your housing often for a higher price than you paid for it.
Get some good council before you rent or buy equipment or housing.
Mike Sokolowski President Alpha Genetics In.