It’s a question faced by every company at some point in the evolution of their office technology: Buy or Lease? For many small- to medium-sized businesses (SMBs), the flexibility, simplicity, and affordable technology available through leasing can’t be beaten by a purchase. Read on to learn why.
Let’s start with your bottom line. Leasing doesn’t usually require a hefty down payment, minimizing the initial capital outlay required to adopt new technology. This means that critical cash reserves can be protected or used to fund value-adding initiatives—like marketing—that can grow your business. Leasing is most often reserved for high-value assets; equipment valued between $3,000 and $25,000. That’s a lot of cash to keep in your coffers instead of spending. Meanwhile, leasing allows you to manage an easy-to-budget, predictable, tax-deductible expense instead.
Leases are pretty straightforward. Paperwork is far simpler than what’s required for loans, and short turnaround time from application to delivery of your leased equipment will have you up and running in no time. Leases can also streamline operational logistics when you have updates, consumables, and preventive maintenance built into your lease. Your expenses will be entirely predictable, with your lessor making sure the equipment stays in tip-top shape.
Leasing simply provides better, more advanced technology for the cost, with upgrade and update capabilities that will keep your business on the cutting edge. The rapid pace of technological innovation today means that in just a couple of years, quality and performance of new machines can quickly leave your outdated purchase in the dust. Leasing makes sure you don’t end up stuck trying to compete using obsolete technology. Instead, the distributed cost of leasing makes it possible to plan ahead. As G. Gaddis said in Forbes, “Try to build an office for the company that you want to become instead of what you have in the present… see it as an investment in your company’s future.”
Leasing office equipment can be a smart choice for businesses looking to make the most of their cash, simplify infrastructure, and work with up-to-date technology.
If your company is ready to take advantage of leasing’s benefits, contact Sales@CBMTN.com today.