The next time your business needs new computers, networking equipment or other technology, do you have to buy it out or lease it? If you don’t know, read on. We will elaborate on the upsides and downsides of both leasing and buying technology equipment, plus the questions you should ask to ensure you get the best deal.
Want to rent a laptop or a computer? Here is your solution – Micron Systems is one of the best in the laptop rental industry in Chennai offering an extensive range of laptops, notebooks and Macs that can satisfy any corporate or personal needs.
Now let’s analyze the pros and cons of buying and leasing equipment.
Leasing: The Benefits
Leasing keeps your equipment up-to-date: Computers and other tech equipment eventually become obsolete. With a lease, you pass the financial burden of obsolescence to the equipment leasing company.
For example, for instance you’ve got a two-year lease on a replica machine. After that lease expires, you’re liberal to lease whatever equipment is newer, faster and cheaper. (This is additionally a reason some people like better to lease their cars.)
You’ll have predictable monthly expenses: With a lease, you have a predetermined monthly line item, which can help you budget more effectively. Thirty-five percent of respondents to the Equipment Leasing Association’s survey said this was leasing’s second-highest benefit.
You pay nothing up front: Many small businesses struggle with income and must keep their coffers as full as possible. Because leases rarely require a deposit , you’ll acquire new equipment without tapping into the much-needed funds.
You’re able to more easily continue together with your competitors: Leasing can enable your small business to accumulate sophisticated technology, like a voice internet protocol (VoIP) telephone system , that might be otherwise unaffordable. The result: You’re better ready to continue together with your larger competitors without draining your financial resources.
Want a computer hire in Chennai or laptop hire in Chennai, why run around to other laptop rentals in Chennai when we have all you need. Micron Systems offers an extended range of laptops and desktops such as dual core, core 2 duo, core i3, core i5, core i7 with different RAM and ROM with keyboard and mouse. Moreover, we offer a range of brands such as Compaq, Toshiba, Dell, Lenovo, Acer and Hp in both, the laptop and desktop segments.
Leasing: The Downsides
You’ll pay more within the long run: Ultimately, leasing is nearly always costlier than purchasing. For example, a computer worth Rs.4,000 would cost a total of Rs.5,760 if leased for three years at Rs.160 per month but only 4,000 rupees (plus sales tax) if purchased outright.
You’re obligated to stay paying albeit you stop using the equipment: counting on the lease terms, you’ll need to make payments for the whole lease period, even if you do not need the equipment, which may happen if your business changes.
Buying: The Benefits
It’s easier than leasing: Buying equipment is easy–you decide what you would like , then leave and pip out . Taking out a lease, however, involves a minimum of some paperwork, as leasing companies often invite detailed, updated financial information.
You call the shots regarding maintenance: Equipment leases often require you to take care of equipment consistent with the leasing company’s specifications, which can get expensive. When you buy the equipment outright, you identify the upkeep schedule yourself.
Buying: The Downsides
The initial outlay for needed equipment could also be too much: Your business may need to traffic jam lines of credit or cough up a hefty sum to accumulate the equipment it needs. Those lines of credit and funds might be used elsewhere for marketing, advertising or other functions which will help grow your business.
Eventually, you’re cursed with outdated equipment: As mentioned earlier, technology becomes outdated quickly. A growing, small business may have to refresh its technology in some areas every 18 months. That means you’re eventually cursed with outdated equipment that you simply must donate, sell or recycle.
Now it’s over to you for the final decision. Whether you’d like complete ownership by downright purchase of the equipment or get an up-to-date latest equipment sans the heavy investment by leasing, you can check out our website and see what the best laptop rental in Chennai (Micron Systems) has in store for you.