When starting or maintaining a successful business, it is important to evaluate the cost of vital equipment that will enable you to run the business in the most efficient way. As you find yourself evaluating options for office equipment, you’ll come across the question of whether to buy vs. lease or rent. Do you sign an agreement to use a colleague’s equipment for a specified period of time? The other question you may ask yourself is, should you outright purchase the equipment for your use, for as long as you desire?
Below are a few examples of the benefits of leasing for the long term, or hiring and renting office equipment for a shorter duration.
1. Low Costs in the Short Term
By leasing or hiring/renting, you get the tools you need without paying the full cost upfront.
Payments are regular and fixed, which makes budgeting easy. Leasing is a great way to save money on business start-up costs and stay within your budget.
Been in business for a while? Leasing is still a great option to save money on equipment by selecting a plan that works best for your seasoned business.
2. Long and Short-Term Leases Available
If you are one of those people who can’t stand long term commitment, Premier Business Technologies have custom options available to suit your business model. You can arrange to hire, rent, or lease your equipment for a term that best meets your needs—whether that’s for a week, a year, or longer.
3. Savings on Taxes for Your Organization
Often lease payments can be deducted as business expenses (without the messy depreciation calculations).
4. More credit
It’s usually easier to get a lease than a loan for new equipment. And, because equipment leases do not generally reflect on your personal credit and are not capital intensive, your lines of credit are freed up for other needs such as hiring staff, renting office space, and joining your local chamber of commerce to increase revenue in your business.
5. Easy Upgrades
Copiers, printers and other business devices age quickly, depending on usage. When you purchase equipment, you’re typically stuck with outdated technology. Technology advances literally overnight; it is important to stay on top of the latest trend in equipment and have an edge on your competitors. When you lease equipment, you’re able to phase out the aged equipment and exchange it for newer, more advanced equipment.
6. Equipment Protection
Leasing or renting equipment from the right company assures the consumer that your equipment is protected versus buying it out right. When you rent or lease equipment from a company such as Premiere Business Technologies, you also receive 24 hour a day and 7 day a week protection. That peace of mind can help if you are working late on reports or on weekends when everyone else is taking the day off.
Premier Business Technologies has customized office equipment rental, lease and hire plans to fit your business model. We can assist you in selecting a package that will best suit your needs.
Due to our expertise in digital document work-flow, we are consistently staying abreast of today’s trends and ensuring that we have the most efficient equipment to fulfill the needs of our consumers.
Contact us today by calling 410-483-7200 for more information regarding our day-to-day, month-to-month, or year-to-year options for office equipment. And be sure to ask us about our current copier leasing special promotion for Baltimore businesses.