A question that business owners often ask themselves when it comes to office equipment is “should I lease or buy?” It is a conundrum that is easily answered, if one takes time to think about the advantages of leasing over buying. Of course, there are many considerations to take into account when making the decision between leasing and buying, but increasingly businesses are taking the former option for all the benefits it offers.
Here are the advantages of a renting office equipment rather than buying it:
Leasing office equipment gives businesses the flexibility of taking advantage of advances in technology, as well as cost and budget benefits. By maintaining capital at the outset, the balance sheet is improved which will help when seeking financing for business expansion. A register of depreciation is no longer required, payments under the lease agreement are deducted as operating expenses for tax purposes, and equipment insurance is available at very competitive rates.
Whether a business decides to buy or rent, it is wise for it to explore all financing options available. Whilst large nationally recognised banking concerns are normally the first port of call, here at Finlease we are approachable, offer greater flexibility with financing, and provide a more personal service. What’s more we take the time to visit you and understand your unique business situation to ensure you get the best solution for you. If you are not satisfied with our solution, simply walk away with no cost. We are delighted to seek approvals as over 85% of them are taken up by clients!
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