Leasing often helps your taxes if you claim farm expenses. If you don't then i wouldn't. Ends up the same as borrowing really if you buy it out at the end. (depends on the lease) Your baler likely needs most new bearings and the sweep rebuilt. You could and I imagine it will go for another 10-15 years. I'd buy or lease a Vermeer, or I'd like a decent NH 848 chain baler if I could find one priced right. I have to admit I am put off by the new electronics in them all, Vermeer at least makes a stripped down version.