Deciding Whether to Lease or Buy Your Office Equipment

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leasevsbuyWhen it comes to outfitting your office with the latest equipment, you may be wondering whether to lease or to buy. There are pros and cons to both choices, and finding the best solution for your office is key. From copiers to fax machines, workstations and shredders, there are many ways to discover which way may be right for you.

Leasing Your Office Equipment

If you need to update your equipment frequently, it absolutely makes sense to lease, rather than buy. Leasing your equipment prevents you from being stuck with equipment that is old and outdated and helps you to stay competitive. When you lease your equipment, you can always be assured that you will have the most up to date machinery that will serve the needs of your company.

Leasing your equipment will allow you to leverage your costs, especially if you are a startup company on a tight budget. Instead of paying the full price of a copier, for example, you can make a down payment and pay off the rest over time.

With leasing, you can try out a more high-end model of equipment that otherwise may be cost prohibitive. You don’t have to worry about paying out additional up-front money for the latest model. In some cases, you can even deduct the cost of your office equipment from your taxes, saving you even more.

Leasing contracts often cover maintenance on the equipment. This means that you don’t have to worry about coming up with additional money for repairs and upkeep over the life of your equipment.

Buying Your Office Equipment

It’s yours. When you buy your equipment upfront, you can customize and program it to your needs. If you want to sell it, you can do that as well. There is no need to worry about damage to the machine—it’s yours to keep.

When you buy, you have complete control over what you get. You are not limited to what the leasing company has in stock or wants to sell you. When you buy your equipment outright, you don’t have to worry about complicated agreements or other paperwork that often comes along with leasing. You just get your bill of sale and you’re done.

One of the drawbacks of buying is the upfront cost. It may stretch the budget to have to buy your copier, workstations and video systems in full all at once. Fortunately there are companies like those at that will offer you the right machines at the right price that won’t break your budget.

When it comes to getting the best in office equipment, figuring out whether to lease or buy is an important step in the process. Find your office equipment today.

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