Why Buy It Equipment When You Can Lease It?

Keeping pace with modern technology can be extremely expensive for an individual and the costs only go upwards for a business or a large organisation. Often outfitting and maintaining IT systems is one of the most significant sources of running or set-up costs for any office.

However, there is a way of getting up-to-date equipment for your company without having to purchase it wholesale. Like cars, photocopiers and phone systems, you can lease your equipment – anything from HP printers to Apple Mac hire which has become extremely popular. IT leasing companies are less common in the UK than in other countries but they do exist and the benefits are the same no matter where you are.

Leasing your IT equipment can be the perfect way of outfitting your business with the technology you’ll need to stay competitive, even when you don’t have the financial solvency to cover the costs right away. You’ll get immediate use of the equipment without having to pay the full cost price upon delivery, instead paying a smaller fixed rental fee over the term of your lease contract.

It also gives you a huge amount of flexibility in maintaining and running your equipment. Some companies will let you change or modify your equipment at any time, as long as the value remains equal to your original agreement. There’s also room to add additional accessories such as cameras, monitors, scanners or other peripherals such as control devices. If you choose well, you could even have the option of updating your equipment entirely mid-way through your lease – whilst keeping the original terms you signed up for!

Finally, there’s a hidden financial benefit to leasing your equipment. By going with an IT leasing solutions company, you leave your overdraft or bank loans free for running your business. Plus you can offset all of your lease rentals that you pay in a tax year against your taxable profits for that year – getting full tax relief on any leased equipment and reducing your overall tax bill.