Choosing between purchasing office equipment and leasing it has always been a difficult decision for businesses to make. While each option has its benefits, more and more companies are now moving towards leasing office equipment instead of making a big up-front investment in office technology. Consider some of the reasons why leasing is increasingly becoming the preferred way to bring new office equipment into businesses in San Francisco and around the country.
• Technological advancements are being made rapidly. An office technology device that meets your needs today may not be of much use to you tomorrow. Does it make sense to pay a significant amount of money for a machine that may soon be obsolete? Leasing equipment allows you to update your assets as you need to, ensuring you won’t be stuck with older devices and old technology.
• Leasing is always a good option when a business does not have enough capital on hand, or is not willing to lay out a huge amount of money to purchase an expensive piece of office equipment outright. Leasing provides you with the convenience of paying a minimum initial investment up front with reasonable monthly payments going forward that won’t put a burden upon your business.
• Service, maintenance, and repair options for leased equipment are commonly built into your lease with no additional costs. In the event of a breakdown of your equipment, any standard repairs will be handled by your office technology provider.
• Leasing allows you to invest your company’s capital elsewhere, instead of being tied up in the purchase of the equipment itself. This may eventually yield the business more profits when applied to areas such as marketing, advertising, or other important facets of your company. Moreover, since the equipment has not been purchased, the business does not have to worry about its value depreciating. It is a win-win situation for most businesses.
Companies looking to bring a new office technology device in-house must take the time to carefully consider the pros and cons of leasing office technology before making a decision. If your organization doesn’t want to tap into their capital to make a big up-front investment and would like to be able to upgrade to the latest, greatest technology from time to time, then leasing office equipment is likely the best option for you. If you’re on the fence, give Golden Gate Office Solutions a call and let one of our office technology experts help you decide which option makes the most sense for your business.