I am in the process of moving back to US from the UK. So, naturally, I need a car.
Right now, I am cash flow negative, but investing in an education-prep project right now to try and fix that. This venture does require some capital for advertising. Right now, my ads are just slightly below break even, but are trending towards profitability week over week.
Originally, I was planning on financing a used car that was a few years old. That would mean putting in a significant amount of capital to start, and then having a monthly payment.
Then I realized I may be able to lease a new car instead of buying. That way, I don't need to put any capital in up front and can continue to put that into my business.
I am not sure if this is the right way to go. I am doing a lot of reading on how leases work as part of my due diligence, but was wondering if anyone here had an opinion on leasing vs. buying for the entrepreneur who is trying to conserve their capital...?
Right now, I am cash flow negative, but investing in an education-prep project right now to try and fix that. This venture does require some capital for advertising. Right now, my ads are just slightly below break even, but are trending towards profitability week over week.
Originally, I was planning on financing a used car that was a few years old. That would mean putting in a significant amount of capital to start, and then having a monthly payment.
Then I realized I may be able to lease a new car instead of buying. That way, I don't need to put any capital in up front and can continue to put that into my business.
I am not sure if this is the right way to go. I am doing a lot of reading on how leases work as part of my due diligence, but was wondering if anyone here had an opinion on leasing vs. buying for the entrepreneur who is trying to conserve their capital...?
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