- You get a copier faster, and with less paper work. When leasing office equipment, you have to complete only one form.
- A lease can provide you with 100% financing. A bank loan generally covers only 20-30% of your total cost. Additionally, a lease calls for a 0 - 2 months down-payment, while a bank loan typically requires 50-70% of your total project cost.
- Leases are usually 100% deductible over the term of the lease. Additionally, leases free up your cash, allowing you the means to further invest in your business.
- Technology changes quickly, and sometime you buy the best and latest product, only to discover that a better one was released one a week later. Some leases include provisions to trade up to a newer model, allowing you to upgrade without buying anew.
Monday, August 24, 2009
To Buy or to Lease: That is the Question
The primary reason why most businesses lease copiers is to avoid the significant capital outlay required to purchase copiers and printers for the entire office. Here are some reasons why: