If you are into personal finance I'm sure you have come across this question or terminology before. This time, its with a little twist. See in our new church, we are moving in in five months, we may have need for 100 round tables. We own 20. So we either purchase 80 more at $97 each for a total of close to $8,000 or we rent them for $8.50 each. We may rent as little as zero times a year or as much as 4 times a year. The other issue issue is storage. Now we have already accounted for the storage space in the new construction but if we don't have to store 80 tables we can use this space for other stuff. One think I'm learning real quick is storage space is always a premium. So even if we did have a need for 80 tables 4 time a year we could rent them for 2.6 years before we would spend the $8,000. Last thing to consider, If we don't purchase the 80 tables now, it frees up that $8,000 for other construction / furniture needs.
What would you do?
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1 comment:
BUY NOW!
IF YOU ARE IN THIS NEW BUILDING 10 YEARS, YOU WILL HAVE PAID FOR THESE TABLES 4 TIMES OVER.
DO YOU THINK IT IS ONLY 4 TIMES YOU WILL USE THEM? THAT SOUNDS AS IF IT COULD BE UNDERESTIMATED.
AND LEAVE ANY STORAGE SPACE UNATTENDED AND IT WILL FILL UP WITH SOMETHING.
SO BUY THE TABLES NOW, STORE THEM IN THEIR PROPER PLACE, AND TAKE CARE OF THEM, BECAUSE I AM SURE YOU WILL USE THEM FOR MANY MANY YEARS AND EVENTS TO COME.
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