To evaluate a lease correctly,the appropriate comparison is not lease versus buy,but rather,lease versus borrow.

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The appropriate comparison for evaluating a lease is lease versus borrow, not lease versus buy. This is because a lease is essentially a rental arrangement where the lessee (the one who is leasing) is paying for the right to use an asset owned by the lessor (the one who is leasing out the asset). So, when evaluating whether to lease or borrow, the lessee should compare the lease payments with the cost of borrowing the money to purchase the asset outright.

To Evaluate a Lease Correctly,the Appropriate Comparison Is Not Lease