CFO tool · Free
Lease vs. buy vs. refurb.
The three real options for a fleet refresh, scored on NPV with your WACC. Every assumption is editable; the winner updates live. Pair with the TCO calculator for a full capital plan.
Inputs
CFO inputs
Assumptions
Lease modelled as a 36-month FMV with end-of-term return (no residual to lessee). Buy scenarios assume a trade-in or market residual at month 36. NPV uses the chosen WACC as the monthly discount rate. Refurb residual assumed at 28% of refurb outlay based on our buyback history.
Lease new
36-month FMV lease, typical OEM channel
$1.7k/unit net
36-mo outlay
$432.0k
Monthly cash
$12.0k
Residual m36
—
NPV cost
$388.6k
Buy new
Upfront purchase, OEM list
$1.2k/unit net
36-mo outlay
$387.5k
Upfront
$387.5k
Residual m36
$85.3k
NPV cost
$318.4k
Buy Restart refurb
Upfront, blended A/B with volume tier
$497/unit net
36-mo outlay
$172.5k
Upfront
$172.5k
Residual m36
$48.3k
NPV cost
$133.3k
What we don’t model (and you might want to)
- · Tax treatment: Section 179 / bonus depreciation can shift purchase NPV materially — ask your tax lead.
- · Lease end-of-term penalties for damaged or missing units — typically 10–25% of residual.
- · Refresh friction: the admin cost of every lease turn is real but company-specific.
Cash flow, not sticker price
Monthly lease payments look small until you NPV them. We discount every scenario at your WACC so the comparison is apples-to-apples.
Residuals included, honestly
Both purchase scenarios credit an end-of-term residual. Lease does not — because you don’t get one. That’s the point.
No leasing kickback hidden here
We don’t broker leases. If lease wins under your assumptions, it wins. Run it and see.
Take it to your CFO.
We’ll meet with your finance team, walk through your actual tax treatment and refresh cadence, and build a scenario in your own terms — no sales pitch until the numbers make sense.