| Even if you can afford to buy business IT equipment | | | | also the fact that leasing is not subject to interest or |
| outright, offsetting the cost by employing the benefits | | | | any hidden and escalating fees. The leaser has control |
| of leasing over purchasing is very likely to be a more | | | | of the length of the lease contract and very often, also |
| sensible route. The major argument for leasing as | | | | the regularity of payments: whether weekely or |
| opposed to buying is widely regarded to be the fact | | | | monthly. There is no risk of paying over the odds and |
| that it allows the company to retain capital rather than | | | | absolute clarity of price from the outset, so whatever |
| spending in an upfront lump sum, by shifting to monthly | | | | a business's requirements, they will never find |
| or weekly increments, the acquisition of usually costly | | | | themselves going over budget. |
| equipment has a minimised impact on company | | | | Tax Benefits |
| cash-flow. | | | | As the equipment is used for business purposes: in the |
| Despite this obvious upside, many decision makers in | | | | majority of cases, rental payments will be 100% tax |
| small businesses still opt to dent their capital by buying | | | | deductable. There are exceptions, so a quick |
| computers and the like outright, there is a good chance | | | | consultation with a qualified accountant in consideration |
| they hadn't considered the other major reasons for | | | | of specific circumstances is advised, but more than |
| choosing to lease: | | | | likely the actual rental can be entirely offset as an |
| Simplicity | | | | expense and essentially cost you nothing. |
| IT leasing does not require a deposit, nor reams of | | | | Upgrades and Buyouts |
| paperwork or a lengthy wait for contract approval. | | | | A top quality leasing company will incorporate both the |
| The whole process can be carried out quickly and | | | | option to upgrade leased hardware part way through |
| efficiently - applications for leasing can easily be made | | | | the lease agreement and the option to purchase the |
| online, over the phone or in person, and although | | | | equipment for a nominal fee at the end of the term. |
| subject to a credit check, tend to offer a faster | | | | These options provide the flexibility to change |
| answer on approval than other finance options. Unlike | | | | computer hardware to reflect the changes the |
| the compound interest associated with loan financing, | | | | business has gone through since taking out the lease, |
| with leasing all payments are for the same amount. | | | | and side-steps the issue of being stuck with |
| Affordability | | | | unnecessary equipment which was expensive but |
| Aside from the obvious fact that the cost of any | | | | now has a low re-sale value. |
| equipment is spread over a long period of time, there is | | | | |