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Lease vs Buy Calculator

Compare leasing vs buying smart locks. Analyze costs, benefits, and financial implications to make the best investment decision for your smart lock project.

Difficulty: Medium
Time: 4-5 minutes
Category: Investment Cost

Equipment Details

Total cost of smart locks and accessories
Percentage of original value after lifespan

Purchase Option

Total upfront purchase cost
Initial payment if financing
Annual interest rate for financing
Loan term in months
One-time installation cost
Optional extended warranty cost

Lease Option

Monthly lease payment amount
Refundable security deposit
Option to purchase at lease end

Operating Costs

Annual maintenance and support costs
Annual equipment insurance cost
Annual electricity/battery costs
Annual software and licensing fees
How often equipment needs upgrading
Cost of each upgrade cycle

Financial Considerations

Cost of capital/discount rate for NPV
Applicable corporate tax rate

Business Factors