Search & Compare | 100% Free Service

Call us now

0800 740 8080 +44 208 909 5222
97040125
In the current climate, sometimes leasing equipment is the best option for a business. And sometimes it isn’t.

Leasing office equipment is an important consideration in the contemporary office space. According to the Equipment Leasing and Finance Association (ELFA), approximately 80 percent of United States businesses lease some or all of their equipment. For this reason, it’s no surprise that an increasing number of leasing agencies are making the most of this demand.

For some businesses, leasing is a necessity. It often makes more sense economically in the fast-paced tech environment, where technology becomes outdated almost as soon as it hits the market.

“Leasing is an excellent hedge against obsolescence,” explains an ELFA spokesperson, “especially if you’re leasing something like computer equipment and want to update it constantly.”

However, there are a number of considerations a company should take into account before making the decision to lease. For instance, the kind of business you’re in will absolutely determine the practicality of leasing. If a very small number of, say, computers are required, it might make more sense financially to purchase. However, if a large team of computer users are essential to your business, leasing might be a highly sensible solution.

By leasing, you can look forward to benefitting from tax advantages, lower monthly payments than you’d get from a loan, a fixed financing rate (as opposed to a floating one),  and no expensive down payments. The immediate access to upgrades and the most up-to-date business tools is also a huge plus.

There are, of course, drawbacks to leasing. The price you pay over long periods may exceed that which you’d pay should you purchase your own equipment. Leasing commitments are also an issue, especially if your business runs into some financial turbulence. And then, of course, there are the conditions of the lease – you may find yourself needing to make important hardware upgrades that could violate the conditions of the lease.

There are a host of points to consider before you make the decision to lease. The primary concern is, of course, a financial one. Will leasing have a positive fiscal effect on your business – especially when starting out? How immediate will the savings be? If savings are good for short term, make sure you don’t end up paying big time for a poor decision later on. For this reason, the best course of action is to sit down and really scrutinise the conditions, rates, and market average before signing up for anything.

Consider purchasing the equipment outright – you’ll quickly determine which route is the most financially beneficial for you and your business.

Kitting out an office space is stressful and expensive at the best of times. The continuing trend for serviced offices – that is, offices that are leased with many considerations already taken care of – takes a lot of the strain out of establishing an efficient office space. By consolidating all managerial responsibilities and overheads into one dedicated business centre space you’ll save a lot of time and money in both the long term and the short.

View More
Posted in How To.
Read more about , , more tags
Bookmark the permalink.
Follow any comments here with the RSS feed for this post.
Post a comment or leave a trackback: Trackback URL.

9 Comments

  1. Chase Howard
    Posted 25 June, 2013 at 6:36 pm | Permalink

    Thanks for sharing this! We actually just got some computer cabinets to house all of the computers that we just got delivered to our office. It is something that we definitely needed!

  2. Grace
    Posted 28 June, 2013 at 8:44 pm | Permalink

    Great insight on leasing equipment. A lot of start up businesses and budding entrepreneur are now considering the option to lease equipment. It does have its huge drawing and long term benefit especially in terms of cash flow. I think choosing a reputable leasing company can provide you competitive rates and sound advice of whether to pursue equipment leasing, to finance it or if buying is a better option in the end. It really depends on the kind of business and industry you belong to.

  3. Dixie Schreiber
    Posted 23 July, 2013 at 6:03 pm | Permalink

    Aw, this was a very good post. Spending some time and actual effort to generate a great article… but what can I say… I procrastinate a whole lot and don’t seem to get anything done.

  4. Diana Muller
    Posted 24 July, 2013 at 3:54 pm | Permalink

    Generally I don’t read post on blogs, however I wish to say that this write-up very pressured me to take a look at and do it! Your writing style has been amazed me. Thanks, very great article.

  5. Belinda Hillard
    Posted 27 July, 2013 at 4:55 pm | Permalink

    I just like the helpful information you supply in your articles.
    I will bookmark your blog and take a look at once more right here regularly.
    I am moderately certain I will be told many new stuff proper here!
    Good luck for the following!

  6. Maybelle Doe
    Posted 28 July, 2013 at 12:54 am | Permalink

    Very great post. I just stumbled upon your blog and wanted to say that I have truly enjoyed surfing around your weblog posts.
    In any case I will be subscribing in your feed and I hope you write once more very soon!

  7. Gene Sotelo
    Posted 28 July, 2013 at 9:31 pm | Permalink

    A fascinating discussion is definitely worth comment. I do believe that you should write more about this topic, it might not be a taboo matter but typically folks don’t speak about these topics. To the next! Best wishes!!

  8. Neal
    Posted 30 July, 2013 at 9:59 am | Permalink

    Thank you a bunch for sharing this with all folks – you actually understand what you are speaking about!
    Bookmarked.

  9. Chester Custer
    Posted 4 August, 2013 at 9:55 am | Permalink

    fantastic put up, very informative. I ponder why the other experts of this sector don’t notice this. You should proceed your writing. I am sure, you’ve a great readers’ base already!

Post a Reply to Diana Muller

Your email is never published or shared. Required fields are marked *

*
*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>