Buy or lease?

The next time your business needs new computers, networking equipment or other technology, should you buy it or lease it? If you don’t know, read on. We’ll take a look at the benefits of leasing or buying technology equipment, plus the questions you should ask to ensure you get the best deal.

 

Why Should I Lease Hardware?

Leasing keeps your equipment up-to-date. Computers and other tech equipment eventually become obsolete. With a lease, you pass the financial burden of obsolescence to the equipment leasing company. For example, let’s say you have a two-year lease on a copy machine. After that lease expires, you’re free to lease whatever equipment is newer, faster and cheaper. (This is also a reason some people prefer to lease their cars.) In fact, 65 percent of respondents to a 2005 Equipment Leasing Association survey said the ability to have the latest equipment was leasing’s number-one perceived benefit.

You’ll have predictable monthly expenses. With a lease, you have a pre-determined monthly line item, which can help you budget more effectively. Thirty-five percent of respondents to the Equipment Leasing Association’s survey said this was leasing’s second-highest benefit.

You pay nothing up front. Many small businesses struggle with cash flow and must keep their coffers as full as possible. Because leases rarely require a down payment, you can acquire new equipment without tapping much-needed funds.

You’re able to more easily keep up with your competitors. Leasing can enable your small business to acquire sophisticated technology, such as a voice over internet protocol (VoIP) phone system, that might be otherwise unaffordable. The result: You’re better able to keep up with your larger competitors without draining your financial resources.

Have Questions?

Want to hear more about the advantages of leasing hardware? We’re here to help. Find answers to your questions, get support for implementation and configuration and more with ANTS N.V. support. Here, you’ll find all the answers you need to make the best decision.

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