5 Good Reasons to Lease Your IT Equipment Instead Of Buying It
Buying your IT equipment can cost a fortune. From scanning and mounting servers to tracking maintenance, buying and tracking your equipment is a major headache. That’s why so many businesses lease instead. But just because leasing is an easy way to save money, doesn’t mean it’s the right choice for your business. There are a lot of misconceptions about leasing, and many businesses don’t realize the benefits of leasing their equipment. Keep reading to discover five good reasons to lease your IT equipment instead of buying it.
Replace the cost of buying expensive IT equipment with an affordable fixed monthly fee
Monthly leasing is an affordable, predictable way to maintain your IT equipment.
Leasing your IT equipment is a great way to save money and replace the cost of buying expensive IT equipment with an affordable fixed monthly fee. With leasing, you’ll know what your monthly costs are going to be for the duration of your contract. This eliminates any uncertainty about how much the total cost will be in the long term and gives you a better idea of what you can expect from your fixed expense each month. Leasing makes it easy for businesses to budget and plan their finances accordingly. You’ll avoid dealing with unexpected capital expenses as well, which can be helpful if you have financing or payment plans in place.
Leasing will allow you to release essential funds that can be invested in other business areas
Leasing is a good choice for businesses that are strapped for cash. You can lease your IT equipment and release the funds you’re using to pay for it, which you can then invest in other areas of your business. When you buy new equipment, there’s a finite amount of money you can spend on other things. But with leasing, you can use the money you would have spent on your IT equipment and purchase something else that will help your business grow.
Leasing means you get the latest most up to date technology
One of the biggest benefits to leasing is that you always have the latest and most up to date equipment. From wireless routers to software, you can’t beat the speed and convenience that leasing offers.
If you buy your equipment, you have to wait for it to be shipped in from a warehouse and then installed before it can be used. In the time it takes for your equipment to arrive and then be installed, your competitors are already on top of the latest trends in technology. But with leasing, you know that your business is always up-to-date on new technology because it is delivered as soon as it becomes available. You also don’t have to worry about having old outdated equipment sitting around taking up space.
Leasing provides a fully managed service including installation, configuration and ongoing IT support
Leasing your IT equipment means you get the benefit of a fully managed service. You get installation, configuration, and ongoing IT support for your leased equipment. This is something that comes with any leasing agreement, which is not the case when you buy your equipment. When you purchase your own equipment, it’s up to you to find an installer who can set up the hardware and configure it to work with your network. You also have to pay for setup time and ongoing maintenance fees. But when you lease IT equipment, these costs are all included in the lease price. If a server goes down or needs maintenance at 3am tomorrow morning—you don’t have to worry about it.
You can fully upgrade your IT equipment without necessarily increasing your monthly payments.
As your business grows and changes, you’ll need to change your IT equipment. But when you buy your IT equipment, any upgrades will be reflected in the monthly payments you make. That means if your company decides that they want better servers, they’ll have to pay more each month for the new ones. Leasing a piece of equipment allows you to fully upgrade without paying more per month.
On Leasing Your IT Equipment
Leasing your IT equipment is a great way to save money. The initial investment may seem intimidating, but leasing provides you with the opportunity to have access to the latest technology without breaking the bank. For example, if you lease your video conferencing system and upgrade in three years, you only pay for the difference from your previous system. If you buy it, that cost is all upfront. Lease your equipment and then upgrade when necessary.