Loan or Lease.

[Stenleh44]

So i am trying to figure out how to get myself out of this economic disaster I started in Elmcreek.

I made the mistake of selling all the equipment from new farmer, and buying some of my own, but leasing a lot of other stuff.

So now my leases are about $6000. I get myself out of the hole, but it doesn't last too long as I only have the two starting fields, and then another small grass field.

So i was thinking about getting rid of all the leases and take a big loan. Just not sure which is more cost effective.

Does anyone know the interest rate of loans? Can't seem to find that info anywhere.
Also is there somewhere in game where you can see lease prices? FS19 used to show your initial lease cost and then the usage. Can't seem to find that in FS22.

Thanks for your input!

[Stenleh44]

Never mind.... That was an easy test. Its a no-brainer based on these numbers.
I took a loan for each amount, and then slept to 8am. Repaying each day.

Loan / Interest
$100,000 / $280
$200,000 / $561
$300,000 / $842
$400,000 / $1,123
$500,000 / $1404

[Delle(DK)]

Thanks for sharing your numbers.
Personaly i always play on hardest mode and my strategy is to avoid lending money.
Instead i buy a used 150hk tractor, a seeder that can seed directly, a fertilizer wagon that also can spread the white stuff and a spreyer and a cheap combiner and a few fields.
Sometimes i loan money to buy more fields since if you can barely make a profitable farm with 2-3 tiny fields you need more than 4 hectar.
And then i do 1-2 missions for other farmers everyday with rented vehicles.
These missions keep my farm profitable so i can expand faster than if i just seed and harvest.
But in general i try to replay my loans as fast a possible and only sell my stuff when prices are at max.
A small cheat, you can either just keep your example grain in your wagons, or you can unload it for free into the storage silo buildings where the train load.
It cost 0 money to store you grain there and you can just pick it up later for free as well
and honestly many types of grain are mostly sold at the train stations anyway.

But in general i run my farm on a budget in the start and do missions for farmers.
Example the spread fertilizer missions or spreying missions are fast and easy to do and pay well. AVOID beat harvest in missions and plowing missions its very slow to do.

PS. A good investment is things such as solar or windmill as passive extra income.
Once they are build you get money forever.
I even dare to say, sell everything you have and dont run a farm but build solar/windmill instead and do a few seasons at night while you sleep and you wake up with tons of money ;-)