Our new equipment was delivered yesterday- a fleet of Toro fairway and rough mowers. This equipment is leased on a 4-5 year rotation. Equipment like this that accumulates high hours (mowers accumulate hours just like your vehicle accumulated miles) is worth leasing as opposed to outright purchasing. However, equipment that has a long life expectancy or the technology doesn’t change as much, is worth purchasing. An example of this is a reel grinder that we can keep for 10 years or more. On the flip side, greens, tees, rough and fairway mowers are all leased.